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 … [Read more...]
Banging of the Drums
Sunday The banging of the drums announcing a rising ‘price of Gold’ are beginning again. Mighty Gold warriors are beating back the manipulators of the ‘price of Gold’. The high priests of hyperinflation, embarrassed and subdued by reality for so many years, are re-emerging from the shadows to join in the cacophony. These defenders of the true faith exhort you to invest in … [Read more...]
Defining Money Correctly
Friday Here is an article purporting to explain what money is. It proceeds to define money by describing one of the actions that it does. Money can be used for many different things – exchanging for goods, investing, gambling, tipping, hoarding etc. But defining something by what it does can be misleading, because it reverses cause and effect. Something is what it is … [Read more...]