Silver Thursday

Silver Thursday and the Hunt Brothers come to mind given the sudden spurt in the silver price. Over the last couple of weeks the metal has been playing catch up with its richer gilded cousin. Is the silver market still small enough for a rich megalomaniac to manipulate?  It is forty years ago since Silver … Read more

Gold’s Pyrrhic Victory

Life is precarious.  To risk is to live so you have no regrets. For some explorers there is a risk of falling from a lofty perch into the depths of the deepest chasm.   Should we castaway plans and projections in these fragile times?.  What we have left are little stories we tell ourselves based on what we … Read more

The Little Silver Brick

I mentioned global debt of $250 trillion in my “Anything but Paper” Blog on May 15th.  Since then I came across this graphic below from Visual Capitalist https://www.visualcapitalist.com/.  Exploration Geologists love images and drawings that make numbers concrete.  We try to visualize the third dimension and what lies beneath from a map of only two dimensions.  Anyway, I thought that it … Read more

I am Gold and the Silver Tassie

Last Friday  I mentioned gold and silver as interesting precious metals and referenced the historic price ratio between the two metals. I did mention that based on historical ratios that silver was undervalued significantly compared to gold.  The same day the silver price climbed five percent in just one day from $14.67 to finish at $15.41.  As … Read more

Any “Thing” but Paper

In mid-April the EU agreed a 500 billion euro stimulus package at zero percent interest rate to get Europe back on its feet after the Covid-19 pandemic. Two days ago Democrats unveiled a three billion dollar Covid relief stimulus package to be voted on next week. It looks looms large and but really beyond our … Read more

A Cobalt-Blue Swan

I vividly remember that lavish but gaudy five-star hotel at mid-day under the high African sun on the banks of a glittering Niger River. It was built with petro-dollars from Gaddfi’s Libya. I was sitting at a big round table which was shrouded in white linen.  It was mid-day and I was dining with an influential man from … Read more

Auld Lang Syne

The year passed as a first draft, no rewrites just like life itself.  Some parts are good when the juices flowed, some parts could have been better and some so bad you find it hard to recognise it as your own.   But there is no re write. No Flaubert obsessing over Madame Bovary here. It … Read more

Snaring the Monster

Are we running out of metals?  Peak metal?  Like peak-oil it might seem as Mark Twain remarked that “the reports of my death have been greatly exaggerated”.  My view is that we  must do something soon or we will be past the tipping point.  Another view is that we have plenty of metals to sustain our … Read more