Silver as an investment

Category Archives: Bank of England

It’s A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System

It’s A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System – Christmas film serves as reminder that savings are not guaranteed protection by banks– Savers are today more exposed to banking risks than ever before– Gold and silver investment reduce exposure to counterparty risks seen in financial system– Basket […]

The 10 “Grey Swans” Events For 2018

One of the traditional push backs against attempts to predict “black swan” events is that they are by default unpredictable, rendering the entire exercise moot. However, for the second year in a row, Nomura’s Bilal Hafeez has found a loophole, or rather loop-animal: the grey swan. As Hafeez writes, while he would like to be […]

Bank Of England Warns The UK: ‘Economic Collapse’ If UK Keeps Borrowing Money

The Bank of England is putting the United Kingdom on alert.  Should the UK keep borrowing money, there will be a “Venezuela-style” economic collapse that will devastate normal citizens. A senior Bank official has warned that the UK’s economy would be unlikely to survive borrowing any more cash. Richard Sharp, a member of the Bank’s Financial Stability […]

Mark Carney Forced To Explain Surge In UK Inflation To Highest In Almost 6 Years

The market expected Mark Carney to avoid it but it was just not meant to be. The BoE Governor will suffer the ignominy of a bizarre tradition of having to write a letter to the Chancellor of the Exchequer explaining why UK inflation is more than 1.0% above the target of 2.0%. The market had […]

FX Weekly Preview: Looking For A Rise In Vol As The Fed Finally Makes Their Move – So We Can All Move On

Submitted by Rajan Dhall MSTA and Shant Movsesian from fxdailyterminal.com In the absence of key economic data, we tend to see heightened levels of containment in the FX markets, where the heavy presence of system (algo) traders require constant direction in order to drive price action one way or the other.  We have also been […]

An Interview with GoldCore Founder, Mark O’Byrne

An Interview with GoldCore Founder, Mark O’Byrne “Uber-bull predictions of gold at over $5,000 per ounce are not beyond the realms of possibility…” So says GoldCore founder and self-confessed gold bug, Mark O’Byrne. Indeed, I recently caught up with Mark to get his thoughts on gold and what’s going on with it right now… But […]

Risk Of Online Accounts Seen As One of Largest Brokerages In World Temporarily Halts Online Trading After “Glitch”

– ‘Technical issue’ at Fidelity blocks access to online accounts, stops online trading– Fidelity is 3rd largest brokerage by client assets: $1.7 trillion at the end of 2016– NatWest, RBS, Ulster Bank  have experienced online banking “issues” in November– Clients left without access to funds & failed payments & little to no recourse– Social media exposing […]

London House Prices Reach Record Unaffordability

Earlier this month, we noted further evidence that London’s housing bubble is bursting. In its October 2017 survey, the Royal Institute of Chartered Surveyors (RICS) reported the largest proportion of respondents seeing a drop in London house prices versus the previous month since 2009. The net balance was nearly two thirds (-63%) in favour of […]

Frontrunning: November 28

Traders await Powell hearing; Brexit doubts grip pound (Reuters) Fed nominee Powell, once hawkish, now champions Yellen’s focus on jobs (Reuters) Tax drama intensifies as bill faces key vote (Reuters) Trump Appointee Asserts Control Over CFPB for Now (WSJ) Senate Bill in Limbo Amid Budget Panel Drama (BBG) Tough OPEC meeting looms amid specter of […]

As Bitcoin Nears $10,000 “Central Banks Kept Up At Night”

The price of the largest cryptocurrency soared 16% over the weekend, bursting through $8,000 and $9,000 at a record pace and nearing the Maginot Line so many predicted at $10,000. image courtesy of CoinTelegraph $0000 – $1000: 1789 days$1000- $2000: 1271 days$2000- $3000: 23 days$3000- $4000: 62 days$4000- $5000: 61 days$5000- $6000: 8 days$6000- $7000: […]