Famed investor Jim Rogers recently granted a video interview to a Singapore gold dealer. The video, less than 15 minutes, is worth the time as Rogers is one of the few well-known billionaires who publicly advocates owning gold (although the number is increasing).
The decline of a nation’s money often parallels the decline of the nation. Rome’s money stands as the classic example; Great Britain’s pound is the contemporary example.
Four men, ages 18 to 20, were arrested and charged with the March theft of a 100-kilogram gold coin from the Bode Museum, Berlin, Germany.
Old US gold coins should be gold investors first choices because they now sell at premiums comparable to 1-oz American Gold Eagles. Historically, old US gold coins have carried huge premiums, sometimes as high as 40%. Now, they’re selling at 4% to 6% premiums over the value of their gold content. As this precious metals
For only the second time in 44 years, I’m recommending old US gold coins. The other time was in the 1990s.
Early last Monday morning, burglars broke into Berlin’s Bode Museum and stole a 100-kilogram [221-pound (avoirdupois)] .99999 fine Gold Maple Leaf with a face value of C$1,000,000. However, the C$1 million face value was nominal. The coin’s gold value was right at $4 million.
Central banks to the rescue Just as the world’s central banks moved to rescue the banking system during the 2008 World Financial Crisis, they are now moving to rescue gold and silver investors, albeit the central banks are not rescuing gold/silver investors wittingly. Nonetheless, they are doing it just the same.
I’m not fond of recommending videos, especially long videos. However, this video interview of David Stockman, Budget Director during the Reagan Administration, is well worth the time. Stockman reminds us of problems and developments that are being ignored. For example, Obama and Congress made a deal years ago to suspend the debt limit until March
Tuesday last week, India’s Prime Minister Narendra Modi demonetized 86% of the money in circulation, except for special uses. Ostensibly, it was a move to check black money, i.e., counterfeit money, money that was gotten through graft or corruption and money on which taxes had not been paid. In the four trading days following the
The biggest problem with paper money is that it can be created at will; and history shows that whenever paper money is disconnected from gold, it is eventually printed until it is worthless. Sometimes its destruction comes quickly, some over decades. The second biggest problem with paper money is that it can be cancelled by