The Flying Frisby - money, markets and more

You probably saw my post from ten days ago in which I argued that the vast numbers of people queuing up outside bullion stores in Singapore and Sydney to buy gold and silver were not a good sign. As it turns out, they were not. Gold and silver have put in a top - an interim, mid-cycle top, in my view, not the top - and we can now expect many months of sideways, shake-out, frustrating consolidation...

Good Sunday to you, Before we go to today’s piece, let me flag this week’s commentary - on the action in the gold and silver markets, in case you missed it. A blip or the start of something more significant? So to the osteopath who isn’t an osteopath I first met Michelle Davies at a James Delingpole event. She was buying one of my books and wanted to pay in bitcoin, which got her an immediate gold...

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.com We worried it would come, and now it has. The dreaded correction. Silver and gold have been clobbered, hit for something like 6 and 9% from their highs at one point. The miners have been hit for more. GDX is down 15% from its Friday highs. This is quite the slap down, the biggest I can remember for years. What ca...

Two items on the agenda today. First, my interview with Konstantin Kisin and Francis Foster for Triggernometry has been released. Here it is on YouTube , Spotify and Apple Podcasts Second, using a different methodology to that which I used in Secret History of Gold (have you read it yet? ), I am going to estimate China’s gold reserves. I was planning to take a look at top silver pick, Sierra Madre...

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.com This might mark the top of the market, folks. The BBC just invited me on to talk about the gold price. Though it was the World Service, not BBC 1, so maybe this is just an interim top. Here’s the interview, in case you want to listen: Another danger sign. Jim Cramer, the world’s greatest contrarian indicator, to...

Good Sunday to you, With bitcoin breaking out to record highs overnight, what a good morning it is indeed. Below is this week’s commentary in case you missed it. Gold keeps on going up. So does silver. So do miners. When does the party end? On the subject of which here are the results of my twitter poll, which make for interesting reading. General consensus is, as I argued, that gold is in innings...

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.com NB I have further thoughts on the Semler Scientific deal (NASDAQ:SMLR) which you can read at the end of today’s piece. It’s hard, nigh impossible to call the top in a bull market. If you can get out within 10% of the top, you have done very well. Most don’t. We have been waiting a long time, but we are in a bull...

Good Sunday to you, I have a short announcement today, one I’m very excited about, as this week’s thought piece. Please feel free to comment, share, or get in touch if it sparks your interest. Thank you for being a subscriber to the Flying Frisby. Until next time, Dominic Here, ICYMI, is the week’s commentary: This is a public episode. If you'd like to discuss this with other subscribers or get ac...

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.com Before we begin today’s piece, let me flag this video I made based on my recent article about Triffin’s Dilemma. 13 mins long and hopefully worth the effort. Might be the most important thing you watch this week. With all the narratives that come with a gold bull market - and also a bitcoin bull market - that we'...

I'm not an Angela Rayner fan. Not for a second. I think she is a button-pushing hypocrite who is the living embodiment of the socialists George Orwell described in Animal Farm. But I also rather suspect she is not nearly as monstrous as she is depicted by those on the other side of the political argument. I also don't think we have seen the last of her and she'll be back again within 18 months. Ho...

The Secret History of Gold comes out this week. Here for your viewing pleasure is a fim about gold based on the first chapter. “Gold will be slave or master” Horace In 2021, a metal detectorist with the eyebrow-raising name of Ole Ginnerup Schytz dug up a hoard of Viking gold in a field in Denmark. The gold was just as it was when it was buried 1,500 years before, if a little dirtier. The same goe...

There is a video version of this article to view here: There is a shift of enormously significant proportions taking place. In magnitude it will prove as significant as Bretton Woods in 1944, when the dollar became the de facto global reserve currency, and the Nixon Shock of 1971, when the US abandoned the last vestiges of its gold standard. This shift is going to shape the global financial landsc...

NB Sundays, as ever, are for thought pieces, lately all about gold as my book on that subject is about to come out. Midweek remains for markets We are now into launch week, so lots to promote: Secret History of Gold Fever This week I’ve been in interview mode * Above we have me telling Ian Collins on Talk TV how rubbish the government is. * Here is me talking to Tom Winnifrith * Here James Delingp...

NB I will put out my thoughts on the Comstock Inc (LODE.NYSE) earnings call in my mid-week commentary. A reminder: Sundays are for thought pieces, currently around gold as my book on that subject is about to come out. Midweek is for market stuff. “I'm Henry the Eighth, I am! Henry the Eighth, I am, I am!” Fred Murray and R. P. Weston History has given Henry VIII mixed reviews. Never mind the wife-...

NB To help you visualise: a tonne of gold would be about the size of a beachball, albeit one you couldn’t lift, or a medium-sized suitcase. If it were a cube, it would have sides just under 15 inches/37.5 centimetres. "The only thing that really frightened me during the war was the U-boat peril." Winston Churchill Now that France had fallen, it was time for Operation Sea Lion: Germany's invasion o...

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.com The UK Financial Conduct Authority has announced that it is loosening its anti-bitcoin stance. From October 8th retail UK investors will now be able to buy bitcoin ETFs. Finally. The ban came in with bitcoin at $5,000. Today it's $115,000. That’s $110,000/coin UK investors have been protected from. Great job guys...

“They will never see their gold again, just as they do not see their own ears.”Josef Stalin Gold’s strength is that its value exists in and of itself. It’s nobody else’s liability. Unlike money in the bank or a bond, it carries no promise from a third party, and its value is not dependent on the creditworthiness of any issuer or guarantor. Hand it to someone else and its value is transferred. It i...

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.com The idea behind Dolce Far Niente was to create a portfolio of low-risk investments for today’s market conditions, that you can buy and, pretty much, forget about. You don’t have to keep checking prices every day. Hence “Dolce Far Niente” - “the sweetness of doing nothing.” No worries would be the Australian trans...

I’m delighted to announce my new book, The Secret History of Gold - Myth, Money, Politics and Power , published by Penguin Life. It tells the epic tale of humanity’s oldest and most treasured currency – from its explosive cosmic origins to its role in the power games of modern geopolitics. Watch the unboxing above 👆 Waterstones is running an offer. 💥 Pre-order now and get 25% off . Use code SUMM...

This week I was listening to Merryn Talks Money . My old boss and great friend, Merryn Somerset Webb, was discussing portfolio allocation - which assets should make up the 40 in a 60:40 bond-to-equity portfolio - with Nataliia Lipikhana, executive director at JP Morgan . Merryn asked if bitcoin should be one of the assets to include, alongside gold . Lipikhana, who, until then, had spoken widely,...

(I am sending this week’s commentary early this week due to travel) Dear Chancellor, Me again. I am the author of Bitcoin: The Future of Money? (2014) , generally agreed to the first book on bitcoin from a recognised publisher. I write with regard to the proposed sale of the UK’s bitcoin. Since bitcoin was first introduced in 2009 - invented in reaction to the loose monetary policies of the Global...

At Freedom Fest 2025 last month, I joined a very sensible panel - grown up people saying intelligent things - in a gold vs bitcoin debate, from which I came way thinking, “Oh, that was quite good”. It has just been released, so I thought I would share it for your Sunday thought piece. As always if you enjoy the discussion, please like it and share. It he… This is a public episode. If you'd like to...

I wanted to take a look at gold today. I’m going to dust off my powers of divination — or as they call it in the City, technical analysis - and see if we can figure out where it is going next. As things got frothy back in April, I argued that the market was probably due a breather. The summer is usually gold’s weakest season. Why this should be I don’t know, but it is. You’ll often find it makes a...

NB Somebody on social media is impersonating me again, sliding in to DMs, soliciting investment. Please ignore, block, report etc. Here they are on Substack. Right, here we go. Dear Chancellor Reeves “Revenue cannot be derived unless the land is productive.” — Ali ibn Abi Talib, the fourth caliph I hope you have a moment to consider what I have to say. My name is Dominic Frisby. Among other things...

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.com Many thanks for completing my weekend polls (here they are if you missed them: paying subscribers / non-paying). Your answers were extremely useful: roughly the right amount of content, stick with the audio, the balance of investment ideas and other stuff is about right, and the price too is about right (interest...