World Opium War III has begun

In today’s issue: Why did Trump justify tariffs with fentanyl? What is Opium War III? A dark period of history is more than just rhyming…

Is gold pricing in a repeat of the Liz Truss playbook?

The gold price has taken a hit since President-elect Donald Trump won the US election. The question is why. And one theory is top of my mind for 2025.

The other shoe is about to drop

The UK economy is slowing again, making it unlikely that recent taxes hikes will actually increase revenue. Government finances will continue to deteriorate. Gilts and sterling may both decline in value. Investors should turn to gold to protect their wealth.