Contributing Member of the Legal, Economic & Regulatory Affairs Councils

GLG News by this Author

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There has been a Change of Structure in the Gold, Silver and Currency Markets

August 8, 2011

Last week was a deeply significant week for the global monetary system. For the last 40 years the developed world has insisted that currencies are the definitive money and that gold –and silver too—is a ‘barbarous relic’. Reflect on currency and national debt management over the last four years and the decade of blithe confidence before that. The smart money went into gold during this time and has multiplied six times in a decade.  

The Yuan goes Global

September 7, 2010

I have written many times about the need for the Yuan to be a global currency and eventually a global reserve currency [one of several]. I have talked of how it had to develop its banking system before it could take such a journey. I highlighted the experiments that the Chinese were making first in Hong Kong then in Guanchow in using the Yuan in international dealings. More importantly I highlighted the consequences to other world currencies, in particular the U.S. Dollar, of the Yuan becoming a well used international trade currency. The day is now here when the Chinese are starting to propel the Yuan onto the international sceneThese consequences of its arrival will come over time, but they could come overnight. One consequence is becoming even clearer, as we forecast, that the exchange rate of the Yuan will not rise much on foreign exchanges.

The Yuan goes Global

September 7, 2010

I have written many times about the need for the Yuan to be a global currency and eventually a global reserve currency [one of several]. I have talked of how it had to develop its banking system before it could take such a journey. I highlighted the experiments that the Chinese were making first in Hong Kong then in Guanchow in using the Yuan in international dealings. More importantly I highlighted the consequences to other world currencies, in particular the U.S. Dollar, of the Yuan becoming a well used international trade currency. The day is now here when the Chinese are starting to propel the Yuan onto the international sceneThese consequences of its arrival will come over time, but they could come overnight. One consequence is becoming even clearer, as we forecast, that the exchange rate of the Yuan will not rise much on foreign exchanges.

The Yuan goes Global

September 7, 2010

I have written many times about the need for the Yuan to be a global currency and eventually a global reserve currency [one of several]. I have talked of how it had to develop its banking system before it could take such a journey. I highlighted the experiments that the Chinese were making first in Hong Kong then in Guanchow in using the Yuan in international dealings. More importantly we highlighted the consequences to other world currencies, in particular the U.S. Dollar, of the Yuan becoming a well used international trade currency. The day is now here when the Chinese are starting to propel the Yuan onto the international sceneThese consequences of its arrival will come over time, but they could come overnight. One consequence is becoming even clearer, as I forecast, that the exchange rate of the Yuan will not rise much on foreign exchanges.

The Yuan goes Global

September 7, 2010

I have written many times about the need for the Yuan to be a global currency and eventually a global reserve currency [one of several]. I have talked of how it had to develop its banking system before it could take such a journey. I highlighted the experiments that the Chinese were making first in Hong Kong then in Guanchow in using the Yuan in international dealings. More importantly I highlighted the consequences to other world currencies, in particular the U.S. Dollar, of the Yuan becoming a well used international trade currency. The day is now here when the Chinese are starting to propel the Yuan onto the international sceneThese consequences of its arrival will come over time, but they could come overnight. One consequence is becoming even clearer, as I forecast, that the exchange rate of the Yuan will not rise much on foreign exchanges.

Why the oil price must rise as the $ falls.

October 20, 2009

Analysis of:Oil Tops $78 to Year High on Inventory Drop, Weak Dollar | www.cnbc.com

When the $ falls the oil price falls in all the currencies that the $ falls against. A rise in the $ price of oil of $7.5 is a 10% rise but not if the € rises the same amount as the oil price rises. If that happens the price of oil in Europe remains constant. But is life that simple....?

Why Did Gold break up to lord levels above $1,050?

October 9, 2009

Analysis of:The demise of the dollar | www.independent.co.uk

The clouds of uncertainty are darkening above the global monetary scene. As we see this the world is not waiting for the fact, the rumor was sufficient to prompt the breakout.The gold market is not being driven by traditional buyers and sellers. With gold as an alternative to uncertain currencies valued by all, from central banks down through institutions to individuals, investment demand is bringing gold back to where it was in the 1970's.

Gold in 2008, in 2009 and beyond.

September 21, 2009

Analysis of:Gold 2008 and the exciting 2009 | news.goldseek.com

This is an update of the author of the article "Gold 2008 and the exciting 2009" taking us to the last quarter of 2009.It covers the days from the impact of the "Credit Crunch" to the currency background of gold that prompted institutional and central bank buying of gold as a protection against the negative future for the currency world.

What is making the gold price rise - Part 1 - Investment Demand

September 18, 2009

Analysis of:Gold 2008 and the exciting 2009 | news.goldseek.com

Investment demand for gold is one of several key facets to the rising gold price. It has been perhaps the key gold price driver to the rise in the gold price over the last three years, prompting a review of gold's importance in many portfolios. Why?

Central Banks are buying gold for their reserves

March 25, 2009

Analysis of:GLG News - Council Member Homepage | news.glgroup.com

Gold is slowly returning to a background monetary metal. What central banks do will dictate this.   This article discusses that. Central Banks have been sellers of gold for 30 years, but are changing their attitude now.

Gold in 2008 and the exciting 2009

January 23, 2009

Analysis of:Gold 2008 and the exciting 2009 | news.goldseek.com

Gold will see a very positive 2009 and investors globally will want to know why.   This article paints the probable picture.   It will include the reasons behing gold's moves.

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