Tuesday For the reasons pointed out in a previous post, a large fall in the dollar price of Gold would signify the point where the debt problem has become so pressing that people have had to use their Gold to buy dollars in order to stave off personal ruin for a while longer. How perverse is that? At the very point where they most need the stability of Gold’s value, it … [Read more...]
Cash Ban Ponderings
First published in the March 2016 edition of The Gold Standard TheGoldStandard63Mar16 Cash dollars have more value than bank account dollars. The many negatives of holding the latter include not only loss of privacy and anonymity, but also a variety of taxes, bank fees, accounting fees, pension considerations, credit card fraud, account hacking and bank insolvency. Most … [Read more...]
Gold and Money
Almost without exception, the ‘price of Gold’ prognosticators are charlatans. As a counter to their interminable and repetitive waffling, the following points should be noted… 1 Gold is not scarce, it is abundant – relative to how much is mined. Gold’s stock-to-flow ratio is higher, far higher, than that of any other commodity. 2 It is the stock-to-flow ratio … [Read more...]