Friday The day that the banks don’t open is the day that the jig is up. How far away is that? I just don’t know and no amount of noggin strain will produce that datum. It cannot be known. That said, I had dinner in Sydney last night with the legendary Keith Weiner. He is of the opinion that the strength of the US$ will see continued capital inflows into … [Read more...]
On the Dollar Price of Gold
Friday This article was in the Financial Review a few days ago. I was asked to comment. Going straight past Jim Rickards’ falling interest rates are the solution bit (no they're not, they're the problem), his prediction for the fiat price of gold is an estimation based on a false premise. There will be a long continuance of price deflation before we hit … [Read more...]
The Year – Past and Future
Wednesday I love Christmas. It is a time when my attention is off the business (closed for the day), and my children return home. My beautiful daughter who lives interstate walked through the door in a surprise visit on Christmas Day, which exposed my soppy old sentimentality. When the dust and merriment has settled, Christmas is also when I tend to ponder on the year – … [Read more...]