Sunday I have just read an article repeating the claim that bubbles are a part of the human condition. They are not. They have a very specific and easily avoidable cause. Bubbles are created by the lack of Gold in circulation. Lacking Gold, there is no access to a store of stable value. Without that, people look for other ways to maintain the value of their wealth. … [Read more...]
Currency Collapse
Currencies are borrowed into existence by selling bonds, but the value of the currencies is derived from, and determined by, Gold. Today, the value of 1300 US dollar is about one ounce (480 grains). Tomorrow it may cost 500 grains to buy the same 1300 US dollars, or maybe the value will have dropped to 420 grains. Gold establishes the value of each and every currency by … [Read more...]