Wednesday "… for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." Winston Churchill There are two imperatives that should be pushing you toward switching from dollars to Gold – now. One, the dollar price of Gold is due for a major rise. I do not use the word ‘major’ without meaning it. … [Read more...]
Fiat’s Value
Saturday Keith Weiner rightfully notes that it is the struggle of the debtors that gives the US$, or any other fiat, its value. But there is a little more to it than that. It is also the desire to gain and to hold dollars in order to secure a future that gives them value. Some people accumulate in order to invest, or simply in order to have something to draw on in … [Read more...]
Venezuelan Bolivar – Buy and Hold (joke)
Tuesday For as long as people continue to believe that the value of Gold is measured in dollars, then they will fail to grasp the fundamentals of not only money, but what is happening in the world. Central Bank approved Graph – Price of Gold in Au$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...]
Gold – The Solution
Sunday My interest in Gold goes back to the 1976 when I panned in the Putumayo Province of Colombia. It drifted from my mind until around 1980 when I again began to accumulate Gold. Then the price crashed and I lost interest again. In 2006 (2007?) I attended a seminar by Professor Antal E. Fekete in Szombathely, Hungary. It was a startling experience and opened up a … [Read more...]