It was the best of times, it was the worst of times, it was the age of wisdom, it was …
Gold price fools
Nearly 500 years ago an English farmer and poet called Thomas Tusser coined (ahem) the phrase “A fool and his …
The boom in Chinese gold demand
The long term investment case for gold is all about emerging market demand, especially in large countries like China and …
Are Indian stocks cheap?
The S&P BSE Sensex index of Indian stocks, measured in Indian rupees, has gone sideways for the past three years …
Is gold in a bear market?
Most people would say that gold has been in a bear market, with a falling price, for the past two …
The most important asset class in the world (Part II of II)
Part I looked at how Chinese stocks are trading at depressed levels, largely due to the low prices of the …
The most important asset class in the world (Part I of II)
Spend an evening wandering through any large Chinese city and you are likely to be impressed. Giant new skyscrapers, glittering …
No need to panic as China slows
People had become used to Chinese real economic growth being above 10% a year over the past three decades. Anything …
There’s more to Peru than Machu Picchu
My first trip to Peru was in 2001. I had flown from La Paz in Bolivia to Cusco in Peru, …
Why you still need gold
Riots in Brazil (Brasil). Turmoil in Turkey. Portugal’s coalition government is collapsing, causing Portuguese bond yields to shoot up. A …
The latest act in the Greek economic tragedy
As the latest act in the Greek economic tragedy, Greece was downgraded to an emerging market this week. This is …
Is the uranium price about to go nuclear?
How are we going to keep the lights on without pumping more carbon dioxide into the atmosphere? Many people are …
Has Hong Kong peaked? (Part III of III)
On the face of it, Hong Kong stocks look pretty cheap by global standards. But I believe the bubble in …
Has Hong Kong peaked? (Part II of III)
According to the Wall Street Journal, Hong Kong is in a frenzy following the arrival of a giant inflatable duck in …
Has Hong Kong peaked? (Part I of III)
One of the highlights of any visit to Hong Kong is a trip up to “The Peak”. This is a …
The best place to invest in South America?
A question for you: what’s long and thin and full of copper? Most people would probably answer an electric cable. …