Sunday In January of 2000, it began to dawn on me that the world had some serious problems. A great deal of subsequent reading informed me that the world’s monetary system was not only seriously flawed (it had been since 1933) but that it was at the point of breakdown. It was like a drunk at the bar who was being kept upright only by the swell of people around … [Read more...]
From Gold to Bitcoin?
Wednesday https://www.bloomberg.com/news/articles/2017-11-20/can-bitcoin-survive-an-apocalypse The naïve views expressed in this article are disturbing. Bitcoin better than Gold after a social breakdown? Yes, a non-government controlled currency is a good thing, but bitcoin is not money. It is just a medium of exchange – a very unstable and difficult to use … [Read more...]
Ministry for Truth
Friday It has become clear, via our esteemed media, that many of the reasons that caused people to vote for Donald Trump were the result of fake news. This is not a trifling matter; fake news means that people can be fooled into making unwise choices with their vote. It is not only our democracy that is under threat. Some people have been spreading the word that Gold is … [Read more...]
Monday A couple of recent incidents have given me pause for thought. I lent a book with an interesting and well-reasoned speculation to a friend. She didn’t read the book and returned it with the comment that the theory had been discredited – and proceeded to quote (without acknowledging it) from Wikipedia. I sent another guy a link to an interesting article; he … [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...]