Friday, September 30th, 2016 MST

Category: Gold

Paul Krugman vs. gold

Perhaps you’ve noticed that gold was under attack before the $165 price drop 9/22, 9/23. So what, isn’t gold always under attack by the Establishemnt? What’s particularly interesting is that the most recent attack occurred precisely as the the Swiss National Bank announced the peg of the franc to the euro. What should normally be immensely bullish news for gold, is being held in check. Even the illustrious Paul Krugman has joined the fray with his latest blog piece for The New York Times: Treasuries, TIPS, and Gold (Wonkish).

How to package silver for shipment

Many gold and silver investors sell locally because of the inconvenience of having to package their metals for shipment. In do so, they often leave a lot of money on the table because CMI Gold & Silver Inc. has the strongest bids in the country for gold and silver bullion products. CMIGS has prepared a video slide show on How to Ship Silver. It provides details as to packaging silver (and gold) for shipment.

Is Libyan gold really safe?

“No assets of the Libyan Central Bank have been stolen, gold or otherwise,” declared the bank’s new governor, according to a Reuters dispatch out of Tripoli.  Here’s the dispatch: TRIPOLI (REUTERS) – Libya’s central bank, under control of the country’s new leaders, said on Thursday none of its assets had been stolen and that it

The Sound Money Promotion Act

mckinley hobart sound money buttonOver the last 100 years, Americans have completely lost control of their Constitutional money; to the point where they must pay a tax to essentially make change. Imagine breaking a twenty dollar bill and only getting a ten and a five back, with the other five going to the government. This is the potential problem one encounters when attempting to spend gold or silver money. It’s no accident. The laws are specifically set up to force everyone to use fiat currencies.

Gold as a means of accounting

If you’ve paid any attention to the inflation vs. deflation debate you’ve noticed that it is fairly convoluted. I’ve read the arguments in great detail and have come to the conclusion that it’s mostly a problem of semantics. Strictly speaking, deflation is a decrease in the supply of money and credit. As bad loans are written off, the supply of credit, which represents the lion’s share of the money supply, decreases.

Gold is a port in the debt storm

Clearly a reckless Federal government is good for gold – or more accurately, our collective can kickers in Washington DC are very bad for the dollar.  Contrary to the disinformation campaign of Wall Street, and their Federal Reserve sponsored economists, gold is not a bubble. Central banks are now net buyers of gold, and not because of tradition, as Mr. Bernanke would have you believe.

Gaddafi knows gold is superior to dollars

The history I was taught in school never held much interest for me. It seemed like a random progression of names, events, and dates attached to motivations that made little, if any sense. It wasn’t until I began my self study of economics, and particularly the nature of money, that a whole new world was presented to me. This was a world whose history was anything but random. In fact, almost every event throughout the history of Western civilization could be traced along a single thread of motivation: the control of money and resources.

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