Showing posts with label gold. Show all posts
Showing posts with label gold. Show all posts

Doug Casey: Why Debt Is Not Money

How you should think about gold. Gold’s main use, contrary to the belief of some, isn’t in jewelry or dentistry—although those uses are important. Its main use has almost always been as money. But gold’s ancillary uses are growing in importance because, given its physical characteristics, it’s a high-tech metal. It’s one of the most resistant to chemical reaction, one of the most ductile, the most malleable  ... MORE

Peter Schiff: Currencies Depend On Faith, Gold Doesn’t

Considering the intrinsic value of paper.    In his July 17th Blog, Let’s Get Real About Gold, author and Wall Street Journal columnist Jason Zweig likened investor interest in gold with the “Pet Rock” craze of the 1970’s, when consumers became convinced that a rock in a box would provide continuous companionship, elevate their social standing,  ... MORE

As Prices Drop, Gold Sales Explode at US Mint

by Joshua Krause.   Something doesn't add up here. A little over two weeks ago, a source within the US Mint announced that sales of their silver eagles had grown to the point that the Mint was running out, and would have to suspend all orders for several weeks. This claim was later officially confirmed by the US Mint, and ZeroHedge noted how strange   ... MORE

Keith Weiner: They’re Coming To Take Away Your Cash

Do banks serve you or politicians?   The stories are all over the Internet. Governments are forcing us into a cashless society. Supposedly the pretext is terrorism, and the real reason is to take more control. No doubt more power appeals to politicians, and banning cash seems like the next step after mandatory reporting of cash transactions.        ... MORE

Tyler Durden: Alan Greenspan Is Warning Of A Significant Market Event; Predicts Gold To Go Measurably Higher

"Something big is going to happen."      With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic      ... MORE

Rigged Gold Price Distorts Perception of Economic Reality

by Paul Craig Roberts and Dave Kranzler.    The Federal Reserve and its bullion bank agents (JP Morgan, Scotia, and HSBC) have been using naked short-selling to drive down the price of gold since September 2011. The latest containment effort began in mid-July of this year, after gold had moved higher in price from the beginning of June and   ... MORE

Keith Weiner: Oklahoma Moves Towards the Gold Standard

Sound money legislation. There is strong opposition to any proposal to end the Federal Reserve and move away from its paper dollar. The Fed has many ideological and, of course, crony supporters. So it’s interesting that there was little controversy in Oklahoma around removing one of the obstacles to the use of gold as money. Republican Mary      ... MORE

Peter Schiff: A Green Light For Gold?

It is rare that investors are given a road map.         It is rarer still that the vast majority of those who get it are unable to understand the clear signs and directions it contains. When this happens the few who can actually read the map find themselves in an enviable position. Such is currently the case with gold and gold-related investments.      ... MORE

Peter Schiff: Record Physical Gold Sales

Best hedge against inflation.   Peter Schiff appeared on Fox Business this morning to talk about the market’s perception of gold, the extraordinary surge in gold sales this month, and hidden inflation in the US and Japan. “Gold has been up for 12 consecutive years. It’s entitled to a correction. It’s incredible how the media has jumped all over    ... MORE