In the late 19th century physiologist John Scott Haldane proposed miners begin to take canaries into coal mines. The idea was that the bird would act as an early detection and warning system for the presence of poisonous gases, namely carbon monoxide. The idea was widely embraced and wasn’t phased out until 1986, when UK government legislation meant ‘electronic noses’, be used instead. Whilst the birds may no longer be employed, the phrase certainly is. We now employ ‘canary in the coal mine’ as an idiom if you will for something that warns us of a potential danger.
This week we look at seven proverbial canaries in the coal mine, or rather seven charts and headlines that we feel should act as warning signs that all is not well in the global economy. From US spending, to unofficial US consumer debt, to amnesia riddled central bankers, Jan Skoyles takes us quickly through the canaries that caught her eye this week. If you saw anything of particular interest, please let us know!
The week might have been an especially exciting one for the gold and silver prices. But, as we explain in this short video, gold and silver market activity is often years in the making. It’s headlines and charts such as these that are laying the ground for future gold and silver performances.
Buy Gold Coins
GOLD PRICES ( AM/ PM LBMA FIX– USD, GBP & EUR )
| USD $ AM | USD $ PM | GBP £ AM | GBP £ PM | EUR € AM | EUR € PM | |
|---|---|---|---|---|---|---|
| 08-05-2024 | 2308.55 | 2309.05 | 1849.61 | 1850.47 | 2147.87 | 2147.42 |
| 07-05-2024 | 2315.00 | 2319.60 | 1846.21 | 1846.87 | 2152.02 | 2151.43 |
| 03-05-2024 | 2301.10 | 2294.45 | 1831.68 | 1828.45 | 2141.63 | 2131.09 |
| 02-05-2024 | 2300.55 | 2288.85 | 1838.60 | 1833.83 | 2150.78 | 2143.51 |
| 01-05-2024 | 2288.50 | 2302.35 | 1832.40 | 1843.72 | 2144.78 | 2155.23 |
| 30-04-2024 | 2314.80 | 2307.00 | 1844.90 | 1842.14 | 2157.86 | 2154.05 |
| 29-04-2024 | 2337.60 | 2333.55 | 1867.51 | 1863.11 | 2182.85 | 2180.24 |
| 26-04-2024 | 2349.80 | 2343.10 | 1878.20 | 1873.78 | 2189.31 | 2187.75 |
| 25-04-2024 | 2325.65 | 2318.70 | 1857.96 | 1860.76 | 2168.90 | 2167.98 |
| 24-04-2024 | 2312.30 | 2320.25 | 1860.01 | 1865.25 | 2163.39 | 2169.67 |
Buy gold coins and bars and store them in the safest vaults in Switzerland, London or Singapore with GoldCore.
Learn why Switzerland remains a safe-haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here
Receive Our Award Winning Market Updates In Your Inbox – Sign Up Here
