Articles related to 1971
 
Nathan Lewis - New World Economics
  The Silliness of the Bretton Woods Years
We’re continuing our look into One Nation Under Gold (2017), by James Ledbetter. October 2, 2017: One Nation Under Gold (2017), by James Ledbetter Ledbetter glided quickly over the period from 1914 to 1931, taking up the story again in earnest with the British devaluation of 1931 and, especially, the U.S. devaluation of 1933. This was treated with some interesting detail. However, Ledbetter made almost no mention of the fact that the U.S. returned to gold at the beginning of 1934 at $35/oz., and
Monday, October 16, 2017
Hugo Salinas Price - Plata.com
  The Gold Worm on the Yuan Hook
Once again, I turn over in my mind the Chinese plan regarding their imported oil, which consists in convincing their oil suppliers to accept yuan in payment (and thus re-directing their sales outside the orbit of the US dollar) with an additional sweetener in case the oil exporters do not wish to hold assets denominated in yuan: the sweetener consists in offering to exchange the yuan received by the oil exporters, for gold purchased on the world markets – and not out of C
Tuesday, October 10, 2017
Egon von Greyerz - Matterhorn AM
10 FACTORS TO PROPEL GOLD 10 FOLD
Inflation is coming and it will have a major effect on the world economy and financial markets. This is one of the factors that will drive gold to levels which few can imagine today. Later in this piece, I am discussing 10 Factors which will make gold surge. No fear Markets are expressing no fear and seem very comfortable at or near all-time tops. There is no concern that stocks are massively overvalued or that bond rates are at historical lows and only have one way to go. Nor is anyone worried
Monday, October 9, 2017
Adam Hamilton - Zealllc
Gold Readying to Rally
Gold suffered a sharp pullback this past month, spawning bearish sentiment.  Futures speculators fled on surging Fed-rate-hike odds and new stock-market record highs.  That pounded gold lower despite strong investment demand.  This healthy sentiment-rebalancing retreat has left gold ready to rally again.  Both its technicals and seasonals are very bullish, and futures speculators’ selling overhang has considerably abated. On September 7th, gold powered 1.1% hig
Saturday, October 7, 2017
Antal E. Fekete - Gold University
The Supply of Oxen at the IMF
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Friday, October 6, 2017
Nathan Lewis - New World Economics
  One Nation Under Gold (2017), by James Ledbetter
One Nation Under Gold (2017), by James Ledbetter, is, pretty much, a gold-bashing exercise. I think it is propaganda: that is to say, not a forthright expression of an individual’s independent and informed view, but an intentional effort to mold public opinion to serve certain agendas. The tone and method is very much like The Power of Gold: the History of an Obsession, by Peter Bernstein, seventeen years earlier — so similar, indeed, that it sometimes seems that it could have come from the same
Tuesday, October 3, 2017
Andy Hoffman - Miles Franklin
  This is how China moves the world to a gold standard!
We have watched for years as China grew in strength economically, financially and militarily. They have pre positioned themselves by making trade deals, setting up credit facilities and even an alternative clearing system to the West’s “SWIFT”. We also know China has been gobbling up global mine supply of gold for going on 10 years now. As I’ve written in the past, just using the back of a napkin, it can be surmised they now have hoarded 20,000 tons or more compared to the “supposed” 8,133 tons
Monday, October 2, 2017
Bill Holter
This is how China moves the world to a gold standard!
By Bill HolterWe have watched for years as China grew in strength economically, financially and militarily. They have pre positioned themselves by making trade deals, setting up credit facilities and even an alternative clearing system to the West’s “SWIFT”. We also know China has been gobbling up global mine supply of gold for going on 10 years now. As I’ve written in the past, just using the back of a napkin, it can be surmised they now have hoarded 20,000 tons or more compared to the “suppose
Monday, October 2, 2017
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, no
Monday, October 2, 2017
Egon von Greyerz - Matterhorn AM
WAKE UP AMERICA – THE DOLLAR IS GOING TO ZERO
For news to be read and understood by a great number of people, it must be simple, sensational and forgettable. Most individuals are not interested in “heavy” news or complicated issues. Just compare television and newspapers today to say 50 years ago. At that time, newspapers had very few pictures but instead covered serious matters with in depth analysis. Same with television. In the 1960s there was serious news and many programmes which raised important issues in society or politics, which ma
Monday, October 2, 2017
Mark O'Byrne - gold.ie
China Catalyst To Send Gold Over $10,000 Per Ounce?
Jim Rickards is on record forecasting $10,000 gold. But is China about to provide the catalyst to send gold even higher? And by how much? Today, we fare forth in the spirit of speculation… follow facts down strange roads… and arrive at a destination stranger still… China — the world’s largest oil importer — struck lightning through international markets recently. According to the Nikkei Asian Review, China has plans to buy imported oil with yuan instead of dollars. Exporters could then exchange
Saturday, September 30, 2017
Alasdair Macleod - Finance and Eco.
The fiat money quantity (FMQ) 
Summary : This paper seeks to establish a measure of currency quantity that helps economists identify and estimate the risk that confidence in fiat currencies might be significantly eroded or even vanish altogether. It is this phenomenon that was referred to in the great European currency inflations of the 1920s as Katastrophenhausse, or a crack-up boom, when ordinary people lose all confidence in a fiat currency, disposing of it as rapidly as possible instead preferring ownership of goods.This is
Saturday, September 30, 2017
John Browne - Euro Pacific Capital
A New Challenge to the Dollar
In a move that was little noticed outside of the financial world, China announced the creation of an oil futures contract (open to international traders) that will be denominated in Yuan and convertible into gold. This move provides the first official linkage of oil to gold, and more importantly a linkage between the Chinese currency and gold. While the contract volumes that will be traded on this new platform will certainly be minuscule in comparison to those in the dominant markets of New York
Thursday, September 28, 2017
Jeff Clark - Goldsilver
Top Ten Reasons I Buy Gold Silver [#2] All the Problems of the World = Gold Silver Hyper-Bubble
When the average investor thinks about gold, they may view it as an inflation hedge. Or maybe as crisis insurance. Or perhaps they view it solely as a portfolio diversifier.But what if you added up all the reasons to own gold and silver today—and realized they were all about to hit at the same time?That’s Mike Maloney’s reason #2 he owns gold and silver: it’s all happening at once, and this time it’s global:It’s a perfect storm of worldwide trends that are about to explode simultaneously—and pus
Thursday, September 28, 2017
Nathan Lewis - New World Economics
Britain’s Path To A 19 Corporate Tax Rate
(This item originally appeared at Forbes.com on September 26, 2017.) https://www.forbes.com/sites/nathanlewis/2017/09/26/britains-path-to-a-19-corporate-tax-rate/#2812c344772e If the U.S. reduced its Federal corporate tax rate to 15%, it would produce a combined effective corporate tax rate of about 19% — the same as Britain today. There are now 15 governments among the OECD with a corporate tax rate of 22% or less. On average, they get more revenue from this (2.26% of GDP) than the U.S. gets t
Tuesday, September 26, 2017
Hugo Salinas Price - Plata.com
  Prospects for Gold II
In my previous article, "My Views Regarding Prospects for Gold", published on September 21, I addressed the consequences of the Chinese scheme "to be launched formally by the end of the year, by means of which exporters of oil to China will accept the Chinese currency, the Yuan, in payment for oil; for this deal, the Chinese have added an incentive: the Yuan received by the oil exporters will be exchangeable for gold. This gold will be "sourced", i.e. "purchased" outside of China, for the oil ex
Tuesday, September 26, 2017
Przemyslaw Radomski CFA - SunshineProfits
Will North Korea Boost Gold Prices? Part I
In August, tensions between the U.S. and North Korea rose after Trump’s famous remarks that threats to the U.S. from Pyongyang would be met with “fire and fury”. The relations between these two countries have not been so tense for a long time. What does it imply for the gold market? Let’s start with the no-brainer: the conflict about Korean Peninsula is a very old one. It implies that investors are used to it and will not panic after the first dramatic news. Some level of hostile relationships a
Sunday, September 24, 2017
Sprott Money
Central Bank “Cryptocurrencies”? Just a Different Kind of Funny-Money - Jeff Nielson
It is quite hilarious to watch the posturing of central banks and their media mouthpieces on the subject of cryptocurrencies. A recent Reuters article on the subject provided numerous moments of mirth. The title alone is good for a chuckle. Too Soon to Determine Risks of Central Bank-Issued Cryptocurrencies: BIS It’s always amusing when these shameless con-men (and women) attempt to portray themselves as sober arbiters of risk. Those who understand our monetary system are aware that the fu
Friday, September 22, 2017
Chris Powell - GATA
Philippine dictator Marcos' gold bars: Fact or fiction?
* * * By Gerry Lirio ABS-CBN News, Quezon City, Philippines Thursday, September 21, 2017 http://news.abs-cbn.com/focus/09/21/17/marcos-gold-bars-fact-or-fiction MANILA -- By the late industrialist Enrique Zobel's recollections, former strongman Ferdinand Marcos left behind his widow, Imelda, and three children with a cache of gold bars that in 1989 was worth at least $35 billion. Zobel disclosed the value of Marcos' gold bars in a 14-page sworn statement issued before the Senate Blue Ribbon Comm
Friday, September 22, 2017
Antal E. Fekete - Gold University
Recapitalize The Banks With Gold
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Friday, September 22, 2017
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