Thursday With the US$ (and other currencies) gaining in strength in the last 36hrs, I’ve been busy answering my phone and emails. “What’s happening to the ‘price of Gold’?” I’ve almost given up trying to explain that Gold is a store of stable value and that it is the currencies that are going up and down as measured by Gold. It is because they cannot grasp that … [Read more...]
From Gold
Sunday All the power of fiat currencies devolve from Gold. If Gold’s stability of value had never been transformed, via coinage and bars, into a known weight and fineness – i.e., money – then we would still be trading by barter and living in primitive farming communities alongside rivers. Fiat is a deceit based on an ignorance of what money really is. Fiat money, and … [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...]
Venezuelan Bolivar – Buy and Hold (joke)
Tuesday For as long as people continue to believe that the value of Gold is measured in dollars, then they will fail to grasp the fundamentals of not only money, but what is happening in the world. Central Bank approved Graph – Price of Gold in Au$s Reality Graph – Price of Au$s in milligrams money Yes, the ‘price of Gold’ is going up in terms of Au$s, and most … [Read more...]
Economic ‘Downturn’
Thursday As the Australian economy falls ever-deeper into recession, it behoves thoughtful people to contemplate how they will protect their business as best as possible. I began my first business 61 years ago; I’ve been around. I’ve seen the highs and lows and with complete confidence I will state that this ‘downturn’ will be of a severity far worse than anything … [Read more...]