Friday, September 30th, 2016 MST

Category: The Metals Markets

Where is the Dutch gold?

Gold serves as the basis of the global monetary system for the simple reason that it exists as a finite, physical store of value. And unlike every issuance of debt or piece of printed money, there is no counter party risk – unless, of course, you don’t actually have the physical gold in your possession. Then it’s no more a basis of one’s reserves than all of the digital money created with a keystroke.

Don’t blame the speculators

If you’ve watched the news for any length of time you’ve probably heard mention of speculators and how they seem to be responsible for much of what ills us. Last week, Japan’s Finance Minister Jun Azumi said that a massive intervention in the Yen market was necessary as there were signs of speculation. Much of the price inflation in commodities over the last decade has been…

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.

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.

Even asset managers fear gold confiscation

The issue of gold confiscation has long been the primary scare tactic behind the sale of overpriced collectible and numismatic coins. So pervasive has the fear become that even asset managers who control billions of dollars fear confiscation—according to mineweb.com’s top story for 2010.

The story, posted June 10, 2010 on Mineweb.com’s site became the site’s “top story,” which probably means the article received the most hits of all the articles posted on the site in 2010. The question remains: Is the fear valid or has the story been told so many times that it has taken on a life of its own?

America votes

Tomorrow America votes in one of the most divisive elections that I’ve seen.  In Arizona, the Democrats started way behind in the polls but made up some ground by going negative.   Nearly every Democratic ad I’ve seen has been an attack ad against the Republican candidate.  Seeing the Dems gaining, the GOP went negative.  It’s

Bill Haynes interviewed by Eric King

I was interviewed by Eric King for Jim Puplava’s Financial Sense podcast for October 25, 2008.  Because the demands of record business, I failed to mention the podcast, which was favorably received by listeners to this highly successful investor forum.  Here is another link to the podcast (just in case the first link doesn’t work

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