Hormuz And The Law Of Diminishing Returns: When Leverage Burns

Israeli strikes continued against southern Lebanon on Wednesday, adding at least another 12 people killed and several others wounded. The attacks continue to escalate in spite of the extension of the ceasefire another 45 days over the last weekend. The largest number of deaths came in the village of Doueir, where Israeli jets were leveling […]

The Precious Paper Problem: The Divergence In Western Bullion Markets Authored by Armin Sidhu via The Mises Institute, Gold has nearly doubled in two years. Silver has outpaced it. For the commodity that backed money for most of human history and that central banks still treat as the final settlement asset, these moves should represent a clean signal about physical scarcity and monetary demand. Western gold prices no longer carry that information cleanly. The prices quoted in London and New York are increasingly detached from the physical reality of who owns what...