There is already a substantial literature documenting the fact that low yield currencies typically appreciate during times of global financial stress and behave as safe havens. The main objective of this paper is to find out what the fundamentals of safe haven currencies are. We analyse a large...

What is money really worth any more? This compelling study outlines the rise of 'fiat' money and its associated economic implications. The author provides enough circumstantial evidence to claim a secret War on Gold since the London Gold Pool of the 1960s, highlighting gold's traditional role as...