Thursday The policies of President Reagan led to the strong dollar decades. Did that lead to a mass sell-off of dollars? Of course not. People are unwilling to sell things that they believe are going to increase in value. It was only when the value of the dollar came into question at the turn of the 21st century that they began to be sold. At that time, an ounce of … [Read more...]
Arse About Face
Sunday Buying Gold is really selling dollars. If there is fear of economic collapse or war or some other social danger, people sell their currencies for money. Why? Because money is forever. In such circumstances, and for as long as people inhabit this world (or any other), they will always choose Gold. Gold is the one and only money. Even when the theory cannot be … [Read more...]