Reports abound that Tuesday’s (Sept. 2) drop in the price of gold was due to a ceasefire between Ukraine and separatist forces, or whatever you wish to call them. Russian proxies–even Russian soldiers–would be more accurate. It is unlikely that any resolution to the Ukrainian conflict will please the West. Vladimir Putin holds all the
The Congressional Budget Office (CBO) recently changed its projection for fiscal year ending September 30 to show a deficit of $506 billion. Despite the national debt now being north of $17.6 TRILLION and having doubled since Obama took office, statist economists, columnists and apologists immediately praised the $506 billion number. The LA Times; “. .
In “Bubbles, Bubbles Everywhere” John Mauldin says he’s not predicting a stock market top but offers strong evidence that stocks look “toppy.” Excerpted from the piece: Humans Never Learn
The words “anarcho capitalism” probably scare most people. After all, doesn’t “anarchy” mean an absence of order, and who would want to live in a world without “order”?
The demand for gold is largely driven by people’s desire for jewelry and artistic creations from the pure, soft metal. This is particularly important in Asian countries such as India where it plays a strong role in the culture and religion. But as we also know, from the reports by Vietnamese “boat people” who escaped
The US Mint reported that Gold Eagle and Silver Eagle sales through the first seven months of 2014 were down significantly as compared with 2013 sales for the same period. Dorothy Kosich, writing for mineweb.com, concluded: Investors’ lack of interest in gold and silver is being blamed for a substantial decline in American Eagle coin
In the 1960s, I attended the University of Chicago and spent many hours with Milton Friedman and graduate students in his economics department. They called themselves “the Chicago school,” and they stood apart from the professors of economics at Harvard, MIT, Stanford, et al. Those were the days of High Keynesian economics. The Chicago school
August 14, the 117-year old London silver fix will be no more. The fix, which now is set by HSBC, Scotia-bank and Deutsche Bank, has been deemed no longer viable because Deutsche is dropping out and cannot find a buyer for its seat on the fixing body. Critics of the fixing process have for decades
The US Justice Department recently announced–with much bravado–that BNP Paribas, a major French bank, had agreed to pay a record penalty of $8.9 BILLION for transferring money on behalf of Sudan and other countries sanctioned by the United States. The fine is more than triple the amount paid collectively by six other banks for similar
Ron Paul recently interviewed Bill Haynes, CMI Gold & Silver Inc. president, for the RonPaulChannel.com. Ron and Bill discussed the gold industry, the right forms of gold to buy and developments that affect the precious metals market.