Friday I put up a post recently pointing out that the dollar is likely to strengthen strongly just prior to collapse. Translated into gold-bug terms, that means that the ‘price of Gold’ will tumble. That should not be translated as meaning that it is smart to hang on to your dollars until that point when you can sell you them for a larger amount of Gold. Who knows how … [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...]
The Ultimate Destination
Sunday To measure is to assess the size, amount or degree of something. Gold allows both buyers and sellers to measure their perception of the amount of value of a good or goods. All buying and selling revolves around this process. Most confusion around money stems from the notion that its only role is in these marketplace exchanges. The reality is that this is money’s … [Read more...]