Tuesday “There seems to be a correlation between the intensity of the official attacks on Gold and the severity of the monetary crisis.” Hans F. Sennholz We’re experiencing a wonderful ‘correction’ in the dollar price of Gold as I write this. If you’ve been sitting on any dollars, now is the time to leap into action and exchange them for Gold. Unless … [Read more...]
With an Eye to the Price of Gold
Wednesday When the dollar falls, it registers as the price of gold (POG) rising; when the dollar rises, then it registers as the POG falling. Gold is the only real measure of value and it has been measuring the US$ as rising in value for a while now. Most of that rise (demand) is due to the necessity to service the massive world-wide debt, much of which is … [Read more...]
Bitcoin or Goats
Tuesday I listened to a speaker a few days ago explain that Gold was money because it was ‘the most marketable good’ (the preferred trading good in the marketplace). He then explained that silver was what was actually used as most people didn’t own Gold and it was too valuable for marketplace trades. If Menger’s theory that money is so by virtue of the fact that it is … [Read more...]
Dollar Bid Price
Sunday Graph from Monetary Metals The new step down in the dollar is causing much excitement with the Gold bugs who persist in viewing the graph upside-down. Good news – at last! The graph above is the right way up and shows what is really happening. It is so obvious that it should not still need to be stated, but it does. It is not the fictitious … [Read more...]
Why the United States Needs to Encourage Americans to Hold Gold.
Monday Times have changed since I first became involved in Gold on an almost full time basis in 2010. This article, published by The Federalist, would have been unthinkable just ten years ago… “While discouraging and even prohibiting Americans from owning gold was never good policy, it was at least understandable at a time the Federal Reserve was struggling to … [Read more...]