Tuesday The isolated chatter about central banks going digital has turned into a torrent. That probably means that it is going to happen. The media only runs with the approved narrative. The plan is that as the paper fiats fail, so they will be replaced with electronic money – still run by the same central banks (CBs) geniuses who destroyed the paper … [Read more...]
Between Here and There
Thursday I am regularly asked whether Gold is going to go up, down or sideways. For two decades, my answer has been the same. It is going nowhere. That is not just pedantry, unless one phrases the question correctly, one can have no expectation of a correct answer. It is the currencies whose values are measured by Gold that are on the move. Where … [Read more...]
Weighing Money
Friday With regard to Gold being too bulky and heavy to be practical. Check out one ounce of Gold weighed against its value in Australian dollars. Note also the difference in bulk. I took the photos a few years ago when Gold was quoted at around 1,600 Au$s. On the left is the dollar amount in the … [Read more...]
Cashless? Maybe Not
Thursday http://www.dailymail.co.uk/news/article-5418877/Bank-Englands-chief-cashier-doesnt-trust-contactless.html “cash is definitely here to stay” "Cash was used in 44{781366457d9c05ca9285c5eb3e04ac75968647e24436986cab65f74e6f4b3aad} of all transactions in 2016." Victoria Cleland – Bank of England’s chief cashier Cleland prefers to use cash for small … [Read more...]