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 | Philip Judge - Anglo Far East |
Inflation And Alan Greenspan  |
| Alan Greenspan 1967
"As the supply of money increases relative to the supply of tangible assets in the economy, prices must eventually rise. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value".
Alan Greenspan 1981
"A return to a gold standard (would be) a basic change in our economic processes. A gold-based monetary system will necessarily prevent fiscal imprudence. Once achieved, the discipline of the gold standard would surely reinforce anti-inflation policies, and make it far more difficult to resume financial profligacy".Monday, February 15, 2021 |
|
 | Antal E. Fekete - Gold University |
The Vanishing Of The Gold Basis and...  |
| The gold basis is defined as the difference between the nearby futures price and the cash price of gold in the same location. A positive basis is called contango; a negative one, backwardation. Since there were no organized futures markets in gold prior to 1971, the history of gold basis is confined to the last 35 or so years Gold futures trading started on the Winnipeg Commodity Exchange in Canada in 1971 at a time when ownership and trading of gold was still illegal in the United States. Upon becoming legal the bulk of gold futuresTuesday, January 12, 2021 |
|
 | Mike Hewitt - Dollar Daze |
 America's Forgotten War Against the Central Banks |
| "Let me issue and control a nation's money supply, and I care not who makes
its laws." (Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty)
Many prominent Americans such as Benjamin Franklin, Thomas Jefferson, and
Andrew Jackson have argued and fought against the central banking polices used
throughout Europe.
A note issued by a central bank, such as the Federal Reserve Note, is bank
currency. These notes are given to the government in exchange for an interest-bearing
gTuesday, January 5, 2021 |
|
| Sprott Money |
| The Secret of Wealth Preservation - Jeff Nielson |
| We have a failure to communicate. The vast
majority of the investment public in the Western world has no understanding –
at all – about how to preserve and protect their wealth. Of the minority of the
investment community with some understanding of wealth preservation, almost
invariably it is a flawed understanding.
Understanding wealth preservation begins
with having a detailed and correct understanding of
“money”.
Understanding money begins with correctly comprehending the difference betweWednesday, December 23, 2020 |
|
| Antal E. Fekete - Gold University |
| “Gold Is Pale Because It Has So Many Thieves Plotting Against It” |
| * The title is a quotation from Diogenes Laertius (fl. 2nd century A.D.)
This was the favorite quotation of the late Chicago economist and gold expert Melchior Palyi.Tuesday, December 22, 2020 |
|
 | John Butler - Goldmoney |
| A banker for all seasons: the life and times of John Exter – champion of sound money |
| The following is an introduction to a series of essays GoldMoney will be publishing, written by John Butler and Barry Downs, looking at the life and times of John Exter – leader in the fight against Richard Nixon, Alan Greenspan and the debasement of the US dollar. The source material for these essays includes John Exter's collected papers and works; the personal experiences, diary entries and recollections of the author; and interviews with former colleagues, friends and family of John Exter's.Saturday, July 4, 2020 |
|
 | Charleston voice |
| The Real Bunker Hunt Silver Story |
| "I'm doing the same thing you are, Bill, only buying more of it"- Bunker Hunt, Waldorf, 1981 There had been an FBI file on the Armand & Julius Hammers on theFBI FOIA site, but has since been removed. As many will recall it was Julius who financed (with gold)Lenin's rise to power in Russia. Julius was a founder of the American communist Party (CPUSA).Sunday, June 28, 2020 |
|
 | Ronan Manly - Bullion Star |
| New Gold Pool at the BIS Basle, Switzerland: Part 1 |
| “In the Governor’s absence I attended the meeting in Zijlstra’s room in the BIS on the afternoon of Monday, 10th December to continue discussions about a possible gold pool. Emminger, de la Geniere, de Strycker, Leutwiler, Larre and Pohl were present.”
13 December 1979 – Kit McMahon to Gordon Richardson, Bank of England
Introduction
A central bank Gold Pool which many people will be familiar with operated in the gold market between November 1961 and March 1968. That Gold Pool was known as tSaturday, April 18, 2020 |
|
 | Chris Powell - GATA |
 State Dept. memo explains U.S. policy to drive gold out of financial system |
| A long memorandum written in March 1974 by a U.S. State Department official for Secretary of State Henry Kissinger and copied to future Federal Reserve Chairman Paul Volcker, then the Treasury Department's undersecretary for monetary affairs, describes the desire of the United States and its options to prevent European countries from increasing the use of gold in the international financial system.
The memo, titled "Gold and the Monetary System: Potential U.S.-E.C. Conflict," was recently discovWednesday, April 15, 2020 |
|
| Mike Hewitt - Dollar Daze |
| America's Forgotten War Against the Central Banks |
| In order to pay debts incurred from the Seven Years War with France, King George III of England sought to heavily tax the colonies in America. In 1742, the British Resumption Act required that taxes and other debts be paid in gold.Saturday, April 11, 2020 |
|
 | Keith Weiner - Monetary Metals |
| Standing Ready to Lease Gold |
| We will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said:
“…central bankers do not think about gold.
Granted, they once did. In the 1960’s, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to mention that until 1971 the official US policy was to maintain the dollar to gold exchange rate of $35 to the ounce. …
Tuesday, March 20, 2018 |
|
 | Adrian Ash - Bullion Vault |
| 10 Years of 4-Figure Gold |
| Spot gold prices first broke $1000 per ounce 14 March 2008...
IN FACT the world's first ever $1000 gold deal had happened the day before,
writes Adrian Ash at BullionVault.
Thursday 13 March 2008 – a day earlier than the wholesale 'spot' gold price finally popped above $1000 per ounce – saw a customer of BullionVault offer the five ounces of gold he held in secure, insurThursday, March 15, 2018 |
|
 | Alasdair Macleod - Finance and Eco. |
| Currency exchange value dynamics |
| In a recent article[i] I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem in the future. The key to understanding why this may be so lies in human reactions to the monetary consequences of the next credit crisis. The undermining of the dollar as a currency affects all other fiat currencies, because it is the reserve currency and all financial markets use Thursday, March 1, 2018 |
|
 | Przemyslaw Radomski CFA - SunshineProfits |
| Gold Bull and Bear Markets |
| In the previous part, we thoroughly analyzed the bull and bear trends in the U.S. dollar. But what about gold cycles? Let’s look at the chart below, which shows the long-term behavior of gold prices.
Chart 1: Gold bull and bear cycles (from 1971 to 2018, London P.M. Fix, in $).
As one can see, there were only four cycles compared to six in the U.S. dollar: two gold bull markets and two gold bear markets. The first bull market started symbolically in August 1971, when President Nixon closed thSaturday, February 24, 2018 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| U.S. Dollar Bull and Bear Markets |
| The idea of endlessly repeated cycles is a very old one. This is how the ancients perceived time: not as linear sequence of events, but as replaying patterns of dark and golden ages. Although the Judeo-Christian culture changed the way we view time, we like to see the market as an area of constant struggle between bulls and bears, and the resulting upward and downward trends.
Since the end of the Bretton Woods system back in the early 1970s, the U.S. dollar has also moved in trends and cycles. DFriday, February 16, 2018 |
|
| Adrian Ash - Bullion Vault |
| WTF Bonds Sink, Gold Price Jumps |
| Valentine's Day leap in yields and interest rates sees gold price rise...
OKAY, this is weird,
writes Adrian Ash at BullionVault.
"Increase in US inflation sparks bond sell-off," as the
Financial Times reports.
"Treasury yields hit 4-year highs," the
FT goes on, referring to the interest rate noThursday, February 15, 2018 |
|
 | Nathan Lewis - New World Economics |
| “Rules-Based” Monetary Proposals Won’t Create S... |
| (This item originally appeared at Forbes.com on February 9, 2018.)
https://www.forbes.com/sites/nathanlewis/2018/02/09/rules-based-monetary-proposals-wont-create-stable-money/#4b822c96128e
I often say that governments should follow the “Magic Formula,” which is: Low Taxes and Stable Money. Good things happen to governments that do this, and bad things happen to those that don’t.
“Stable Money” means: money that is stable in value. The traditional way to accomplish this is to link currencies to gMonday, February 12, 2018 |
|
 | Andy Hoffman - Miles Franklin |
| Trouble In The Stock Market |
| In the past two weeks the tone of the stock market has changed considerably. Quickly gone are the days where the stock market is only expected to go up, as many have become concerned after several days of sizable declines.
Whether this is the beginning of a bigger crash that so many in the Austrian community have forecast for years, or just another alarm to which Wall Street hits the snooze button remains to be seen. Yet it certainly is interesting to see just how quickly sentiment has changed.
Monday, February 12, 2018 |
|
 | Peter Schiff - Euro Pacific Capital |
| Raising Rates Reflect Bigger Debt Not Faster Growth |
| While investors are justifiably focused on what may be the opening crescendo of a long overdue sell-off in stocks, there is not, as of yet, as feverish a discussion of the parallel sell-offs in bonds and the U.S. dollar, which have been underway for at least a year and a half in bonds and 14 months for the dollar. I contend that this should be widely understood as the root causes of the jittery Dow, and are ultimately far more important. A continued decline in the dollar and bonds holds the poteMonday, February 5, 2018 |
|
| Adrian Ash - Bullion Vault |
| Gold Gains Under Powell Fed: How Much, Not If |
| That is history's view at least...
GOLD PRICE up, stock market down,
writes Adrian Ash at BullionVault.
It hardly makes an auspicious first day for Jerome Powell's tenure as chairman of the US Federal Reserve.
Whether the legal scholar and former Fed governor can save the stock market after its near record-breaking run, Monday, February 5, 2018 |
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