Police fear far-right terror attack Given that we in UKIP are regularly described as “far right” are the suggesting a Provisional UKIP? The 63 County UKIP? Continuity UKIP? Or are we just getting confused between what really are far right murderous thugs and everyday political insults?

Anyone following the great gold boom stories running throughout all media for many months - sufficiently to convince most ordinary folk that gold is in huge demand, might be surprised to hear by exactly how much gold demand has increased. EDFs are buying up 1000's of tonnes of gold, we are told, and storing it away for their clients hoping to use their gold as a safe financial haven. So are y...

Every other British political party has their eye off UKIP. First of all the 4th June European Parliament elections are happening a year or so before a general election and UKIP are not a threat at national level. So as Labour, Tories and Lib Dems shadow box for the national poll, so UKIP can pour all their

There are a great many people who put a lot of store by a gold-backed currency system, but your humble Devil has never been completely convinced of the merits of this approach. Via Timmy, Bronte Capital articulates a couple of my problems. Gold is very expensive When priced against real assets. I know the gold bugs—and there are many of them—compare the amount of gold in existence (160...

Republished from the Broad Oak Blog: I give below two charts that look at how gold has fared since President Nixon de-linked it from the dollar in 1971. In inflation terms (as measured by the US CPI-U), gold now worth is almost twice as much as its long-term average; but in turn, the Dow is still running very high against gold. It may or may not be the case that gold is overpriced (perhaps we shou...

Jeff Clark at Casey Research plays with the numbers to estimate gold's potential. One stat is created from a compatrison of all the world's cash with all the world's gold: "Total central banks reserves (including gold holdings) = $4.8 trillion, divided by 929.6 million ounces total gold reserves held by all official institutions that issue currency = $5,246 gold price." Or about &po...

Until a few months ago, the price of gold was held down by government selling as soon as any rally got going. The IMF or various European countries were usually the ones to come in and stop gold's rise. $1000 gold told people that faith in currencies and governments was over and it made it look bad for the EU and the US that people preferred to hold gold rather than their currencies. It made ...

A very interesting, concise post from Mish. He says deflation forces borrowed money out of speculation, so gold and silver will drop while this happens; but then - it could take some time yet - will come the rise: "The reason gold will reassert itself is that Gold Is Money." Mish's line appears to be consistent (June 2007):"Typically gold is a counter-cyclical asset that does best in real ter...

This article from a US Congressman argues for the US to try and maintain the value of the dollar so that gold stays at about $500 per ounce. This seems to me to be an odd basis to base monetary policy on. A government should aim to create the conditions for high growth and employment. It should not get hung up on the value of its currency vis a vis gold. He denies that it is a return to the gold s...

The world's biggest search engine, Google, has been inundated with requests for UKIP. The global internet giant reports that more people are interested in finding out about UKIP than any other political party taking part in the Euro elections. Sky News reports the results here.