Daily Nugget – US payroll data upsets gold, India restricts gold purchases
This afternoon US non-farm payrolls data was released, overshooting estimates of +144,000 and coming in at +165,000. The labour participation rate, however, remains at a 63.3% its lowest since 1979, whilst the average work week for employees on private nonfarm payrolls decreased by 0.2 hour. …
The US is moving to a gold standard
Following the news that last week Arizona lawmakers passed a bill that will see precious metals become legal tender we thought this would be the perfect time to bring you a fourth installment of The Real Asset Report. Here we look at the moves several …
The Mexican standoff: Gold, Banxico and the Bank of England
Late last month it was reported that Mexico is going to organise an audit of their gold stored at the Bank of England. Financial journalist Guillermo Barba, writes that that the Mexican Superior Audit of the Federation (“ASF” in Spanish) has made an official ‘recommendation’ …
The Trial of the Pyx
Jan Skoyles looks at an age-old trial which worked to assess the value of the money supply. She suggests that in times of such blatant monetary debasement, the scope of the trial should be expanded so as to make the stewards of the monetary system …
8 facts on China’s golden infrastructure
It wouldn’t be surprising if we were all feeling a little let down by China this month. Those of us in gold investment look forward to the hype surrounding China’s increased gold buying activities ahead of the Lunar New Year, this year however the demand …
