July, 2008 | CMI Gold & Silver
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Monthly Archives: July 2008

The sad history of paper money

The sad history of paper money is that it is printed until it is worthless.  This is to say that whenever paper currencies are de-linked from gold or silver (made no longer redeemable in gold or silver), politicians print those currencies until they are worthless. The most infamous destruction of a paper currency occurred in

Fannie Mae/Freddy Mac crisis fillips interest in gold/silver

For some investors, and apparently for the media and for Congress, judging their coverage and comments, the looming failures of Fanny Mae and Freddy Mac were surprises. To other investors, however, the lid was simply pulled off a barrel of rotten apples. For years, the head of Fanny Mae has bragged about lending money to

Owning and storing gold

My advice on owning and storing gold: buy the physical gold and store it yourself. The form of the gold, be it Krugerrands, American Gold Eagles or gold bars, is not as important as taking physical possession. CMIGS does not hold or store gold for its clients—we ship it to them—and we strongly warn against

Not a slow summer for gold and silver

Ordinarily, the summer is a slow period for the gold and silver markets. Additionally, the summer is normally a period of low prices for gold and silver, and that is the case this summer. Both metals’ prices are significantly below what they were in March when gold topped $1,000 and silver $21. But, this is

Internet impacting gold-silver bull market

The breadth and scope of a bull market depends on the number of people following the market and able to participate. The more people following the market and able to participate, the greater the potential of the market to reach unbelievable heights, as did the great gold-silver bull market of the 1970s, which climaxed January