| |
 | Keith Weiner - Monetary Metals |
| What makes gold good money |
| People say that gold is rare this is why it makes good money. To make an analogy to the porridge in Goldilocks, the temperature could not be too cold or too hot. If gold were too common, or too rare, it would not work as money. Think of sand, which is too common, or blue diamonds which are too rare (and diamonds would not work as money anyway.
Rather than focusing on its rarity, let’s look at extracting it. It has generally held true that the cost to mine an ounce of gold was around one ounce ofSaturday, January 9, 2021 |
|
 | Mike Maloney - Goldsilver |
 First Hand Account - How Gold Jewelry Can Save Your Life  |
| In 1981, a 10-year-old Vietnamese girl, her parents and nine brothers and sisters began preparing for a perilous journey, a journey they knew they might not survive.
Since the fall of Saigon and the end of the Vietnam War in April 1975, life had been hard for the little girl’s family. The Communist government of North Vietnam inherited a country deeply divided, devastated by war, and on the verge of economic collapse. In an attempt to unify the country, the government instituted a centrally pWednesday, November 25, 2020 |
|
 | Robert Blumen - 24hgold |
 Is Gold Money  |
| Is Gold Money ? Many would say so, but is it so ? The answer the question of whether Gold is money requires a definitionTuesday, November 24, 2020 |
|
 | Frank Shostak |
| Inflation Is Not About Price Increases |
| There is almost complete unanimity among economists and various commentators that inflation is about general increases in the prices of goods and services. From this it is established that anything that contributes to price increases sets in motion inflation.A fall in unemployment or a rise in economic activity is seen as a potential inflationary trigger. Some other triggers, such as rises in commodity prices or workers’ wages, are also regarded as potential threats.If inflation is just a generaMonday, November 16, 2020 |
|
 | Nathan Lewis - New World Economics |
| Why Base Your Money On Gold A Simple Answer For First-Timers |
| The United States embraced the principle of a gold standard – a dollar whose value was linked to a defined quantity of gold – from 1789 to 1971, a stretch of 182 years. During this time, the U.S. was the most successful of any major country, expanding from thirteen war-ravaged states along the AtlanticSunday, November 15, 2020 |
|
| Frank Shostak |
 Why It's Important to Define Money Correctly |
| Most economists hold that, since the early 1980s, correlations between various definitions of money and national income have broken down. The reason for this breakdown, it is held, is that financial deregulation has made the demand for money unstable. As a result it is held the usefulness of money as a predictor of economic events has significantly diminished.To fix the instability of the demand for money, economists have introduced a gauge of the money supply known as the Divisia monetary indicSunday, November 15, 2020 |
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| Nathan Lewis - New World Economics |
| God, Gold and Guns |
| We’ve been looking into One Nation Under Gold (2017), by James Ledbetter.
October 2, 2017: One Nation Under Gold (2017), by James Ledbetter
October 14, 2017: One Nation Under Gold #2: The Silliness of the Bretton Woods Years
Now, we will follow Ledbetter’s account of the end of Bretton Woods in 1971, up to the present.
The account of the 1971 devaluation was, following the pattern of this book, long on details but short on insight. It seemed to people at the time that they “had no choice,” thatSaturday, October 24, 2020 |
|
 | Philip Barton - Gold Standard Institute |
| Stock to Flow Ratio - A Primer |
| The importance of gold's stock to flow ratio is greatly
underestimated. I first came across the concept in 2009 at a lecture by
Professor Antal E. Fekete in Szombathely, Hungary. It fascinated me and
the more I looked at its implications, the more amazed that I became,
not least of which because my search engine couldn't locate a single
piece of writing on the subject anywhere.
The stock to fSaturday, October 10, 2020 |
|
 | Antal E. Fekete - Gold University |
| The Supply of Oxen at the IMF |
| .Wednesday, October 7, 2020 |
|
| Nathan Lewis - New World Economics |
| Gold Is 'Money' Because It Is Plentiful, Not Because It Is Scarce |
| Gold, and its brother silver,
have always been the basis of money, back to the beginnings of “money,”
in the late fourth millennium B.C. Already by 2000 B.C., gold and
silver had been “money” for over a thousand years–the entire history of
“civilization” on this planet. Gold was still the basis of money in the
1960s, in an unbroken line stretching back to the beginnings of history.
One somewhat counterintuitive requirement for “money” is that it does
not have a utilitarian purpose; at least, noFriday, October 2, 2020 |
|
 | Dan Popescu - GoldBroker |
Above-ground Gold Stock - How Much Is There and Why Does it Matter  |
| To understand the price of gold, the relevant supply is the total supply, not the new supply coming to market during the last year, week or month. The supply of gold consists of all of the supply that exists, and the relevant demand is the total demand, not the new demand coming to market during any year. For gold, there is always a large stockpile, and it never gets smaller. The vast majority of all the gold mined throughout human history still exists and is held either in bars, coins, or jewelTuesday, September 1, 2020 |
|
 | James Turk - Goldmoney |
| What Did J.P. Morgan Mean |
| The following exchange occurred on December 18, 1912 when J.P. Morgan – the most influential American financier and banker of his time – was called to testify before Congress.
Mr Untermyer:
I want to ask you a few questions bearing on the subject that you have touched upon this morning, as to the control of money. The control of credit involves a control of money, does it not?
Mr Morgan:
A control of credit? No.
Mr Untermyer:
But the basis of banking is credit,Saturday, August 15, 2020 |
|
| Antal E. Fekete - Gold University |
| Has Hedging Killed The Goose - (Final Part) |
| .Saturday, July 18, 2020 |
|
| Dan Popescu - GoldBroker |
| The Gold Standard |
| According to Mises, money’s function as a medium of exchange is thus the central one, while its store of value and unit of account functions are merely subordinate functions. I would say store of value and unit of account is what makes the medium of exchange marketable. The medium of exchange has to be simple to understand, not only by educated people but also the most uneducated. It has to be easily accessed, not only in ideal circumstances but also in difficult ones. Many things have been trieFriday, July 10, 2020 |
|
| Antal E. Fekete - Gold University |
| Second Front In The Gold World |
| .Monday, July 6, 2020 |
|
 | Hugo Salinas Price - Plata.com |
 Copernicus, Galileo and Gold. Part II |
| The development of Economics and the development of Astronomy share interesting parallels.
Aristarchus of Samos – the Greek island that produced Pythagoras – was born in 310 B.C. Aristarchus set Astronomy on the path that would have led to its correct development by postulating the Sun as the center of the Universe, with the Earth revolving around the Sun while revolving around its own axis; he also set the planets in the correct order of their distance from the Sun.
Unfortunately, the preconceiThursday, June 11, 2020 |
|
| Nathan Lewis - New World Economics |
| The Nonexistent 'Social Costs' of a Gold Standard System |
| One of the odd notions that has come down through the years is that a
gold standard system has “social costs.” It does not. It creates a
profit.
Of course, it does take effort to dig gold out of the ground. However,
gold production never ceased after the end of the world gold standard
in 1971. Roughly half of all the gold ever mined, in all of history,
has been mined after 1971. Annual production today is the highest in
history, and about double what it was in 1970. People seem happy to
continuSunday, June 7, 2020 |
|
 | Jeff Clark - Goldsilver |
| Why Own Gold The Top 10 Reasons to Buy Gold Now |
| Is gold a good investment? Why should you own it?It’s natural and even prudent for an investor to wonder if a particular asset is a good investment or not. That’s especially true for gold, since it’s an inert metal and doesn’t earn any interest.But the reasons for owning physical gold go beyond the possibility of its price rising. Gold bullion offers distinct advantages that simply can’t be found in almost any other investment. These advantages give you power as an investor. And yes, one of thesMonday, May 18, 2020 |
|
| Graham Summer - Gains Pains & Capital |
| Democratization of Money vs. Economic Feudalism |
| The Fed is the Market, Until Someone Bigger Comes Along..
UPDATE:This editorial was written 3 days ago in reaction to reading the Zerohedge post As Bitcoin Nears $10,000 "Central Banks Kept Up At Night"
by Vince Lanci
“Free markets for free men”- patch worn on the Nymex floor during Iraqi war.
The reality: We were cheerleaders for Halliburton and naively thought we were on the same team. Money that can’t cross borders freely for its citizenry is not a free market. There was a time before eMonday, August 13, 2018 |
|
| 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 |
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