Articles related to Austria
 
Antal E. Fekete - Gold University
The Hungarian Connection
Gold is the most misunderstood metal in human history, because of the economists' failure to distinguish between its dynamic and static aspects in representing values. Economists have blithely assumed all along that the value of gold is the same whether it flows freely from one hand to the next, or whether the movement of gold is obstructed, in the worst case arrested, by the government (soon to be aped by banks and individuals
Saturday, September 23, 2017
Alan Leishman
  Fiat Money – Eastern Europe 
Most commentators on how Fiat money always reverts to its intrinsic value, (i.e. approaching the value of the paper it is printed on, or near zero), quote the german Papiermark, (observe the pictured 5 trillion bank note in this link) as a classic example of this phenomenon.
Tuesday, September 19, 2017
Richard Mills - Ahead of the Herd
Only Political Dividing Line Left - Roots Based Politics
aheadoftheherd.com Because of the rise of Globalism in the late 20th century the U.S. and Western Europe have recently seen stirrings of nationalist awakenings. Terrorism, turmoil in the Middle East and waves of Muslim refugees have fueled the trend. Wikipedia says this about Nationalism; “a nation should govern itself, free from unwanted outside interference, and is linked to the concept of self-determination. Nationalism is further oriented towards developing and maintaining a national iden
Sunday, September 10, 2017
Jeff Clark - Casey Research
  Does Gold Keep up in Hyperinflation ? 
Inflation is anatural consequence of loose government monetary policy. If those policies get too loose, hyperinflation can occur. As gold investors,we'd like to know if the precious metals would keep pace in this extreme scenario. Hyperinflation is an extremely rapid period of inflation, but when does inflation (which can be manageable) cross the line and become out-of-control hyperinflation? PhilipCagan, one of the very first researchers of this phenomenon, defines hyperinflation as "an inflation rate of 50% or more in a single month, "something largely inconceivable to the average investor.
Saturday, September 2, 2017
Jan Skoyles Real Asset Co - The Real Asset Co
  The full guide to Nazi gold and currency war 
This morning’s papers and news-shows are full of the story that in 1939 the Bank of England facilitated the sale of Nazi looted gold, not just once but at least twice during that year. Both times without approval of the British government, despite an attempt to freeze Czech assets. The story of Nazi gold is both fascinating and tragic. We take a look at ‘the greatest robbery of all time’ and draw parallels with the modern day gold migration. What is Nazi gold? Nazi gold is a phrase that refers t
Monday, August 14, 2017
Philip Judge - Anglo Far East
Empire At War For Energy Money 
It appears that in history, overstretched empires have often resorted to fighting external wars in the vain attempt to preserve their ailing empire: 1) Through history more blood has been spilt, and more lives lost over gold than anything else. There have always been Gold Wars waged - historically, they centered on seizing by force the physical stockpiles or controlling strategic reserves of gold. 2) Today’s Gold War is more complex and deceptive. There is a very clear war being waged against gold (the same war that has been going on for close to 100 years).
Sunday, August 13, 2017
Famous diamonds
The Regent
In 1698, a slave found the 410 carat (82 g) uncut diamond in a Golconda mine, more specifically Paritala-Kollur Mine in the state of Andhra Pradesh, India. The slave stole the enormous rough concealing it in bandages of a self-inflicted leg wound, and fled to the seacoast.
Tuesday, August 8, 2017
Antal E. Fekete - Gold University
What You Always Wanted To Know About Gold* 
To say that the gold standard is not practicable is the same to say that honesty is not practicable, and Constitutions are made to be blithely ignored when convenient. The American Constitution, for example, mandates a metallic monetary standard for the United States in the clearest possible language. Opponents of the gold standard have never been able to muster up the moral fortitude to amend the Constitution so as to formalize the abolishing of the
Monday, August 7, 2017
Ronan Manly - Bullion Star
LBMA Gold Vault Data – How low is the London Gold Float?
The London Bullion Market Association (LBMA) has just released a first update on the quantity of physical gold and silver holdings stored in the ‘LBMA’ London vaulting network. The LBMA press release explaining the move, dated 31 July, can be read here. This vaulting network, administered by the LBMA, comprises a set of precious metals vaults situated in London that are operated by the Bank of England and 7 commercial vault operators. For simplicity, this set of vaults can be called the LBMA Lon
Wednesday, August 2, 2017
Koos Jansen - Bullion Star
Did The Dutch Central Bank Lie About Its Gold Bar List?
Head of the Financial Markets Division of the Dutch central bank, Aerdt Houben, stated in an interview for newspaper Het Financieele Dagblad published in October 2016 that releasing a bar list of the Dutch official gold reserves “would cost hundreds of thousands of euros”. In this post we’ll expose this is virtually impossible – the costs to publish the bar list should be close to zero – and speculate about the far reaching implications of this falsehood.  Recap This story started a couple of ye
Sunday, July 23, 2017
Nathan Lewis - New World Economics
The View From 2011
Today, we will continue our discussion of the “gold sterilization” of 1937. June 18, 2017: The “Gold Sterilization” of 1937 June 25, 2017: The “Gold Sterilization” of 1937 #2: Fumbling and Bumbling We will look at an influential 2011 paper by Douglas Irwin, available here: http://www.nber.org/papers/w17595.pdf All in all, I think the paper is pretty good, at least in its basic descriptions. It meanders into the usual channels of pointless Monetarism, with some equally pointless math, but it does
Sunday, July 9, 2017
Ronan Manly - Bullion Star
How many Silver Bars are in the LBMA Vaults in London?
Sometime in the coming days, the London Bullion Market Association (LBMA) plans to begin publishing gold and silver vault holding totals covering the network of commercial precious vault operators in London that fall under its remit. This follows an announcement made by the LBMA on 8 May. There are seven commercial vault operators (custodians) in the LBMA custodian vault network namely, HSBC, JP Morgan, Brinks, Malca Amit, ICBC Standard Bank, Loomis (formerly Viamat), and G4S. Note that ICBC Sta
Wednesday, July 5, 2017
Nathan Lewis - New World Economics
The “Gold Sterilization” of 1937
Today, we will start investigating the U.S. recession of 1937, and along with that, claims that the Federal Reserve caused it by some sort of misbehavior. As is our usual practice, we will begin with just looking at some general information about that time. Industrial production had a short, sharp shock in 1937. Here’s what it looked like in terms of nominal GDP: I am not going to try to disentangle what was going on at that time. There were a lot of things, from the introduction of Social Sec
Sunday, June 18, 2017
Mac Slavo - ShtfPlan
The Threat Of An Asteroid Striking Earth Is Higher Than Originally Thought
New research from a team of Czech scientists, which discovered new asteroids traveling around our planet, suggests that the risk of earth being hit by one of those extraterrestrial rocks is increasing. The likelihood of an asteroid striking Earth increased after the team studied 144 large meteors from the Taurids, a meteor stream – the very stream which appears in our skies twice a year. Most of these asteroids are small and pose no real threat. But some are alarming in size. The team of Czech s
Thursday, June 8, 2017
Charleston Voice
Historical Sketch of Paper Currency OF PAPER CURRENCY - History is repeating now
INVENTION OF PAPER MONEY- FRENCH EXPERIENCE - JOHN LAW ENGLISH EXPERIMENTS – COLONIAL -RUSSIAN - CONFEDERATE STATES
Tuesday, June 6, 2017
Andy Sutton
Russia Prepares Financial ‘Backup’ Plan?
The grand order of things could be undergoing some major overhauls. To put it more bluntly, a war to reset the global financial order is about to be unleashed. Preparations inside Russia are being made in case the ultimate banking sanctions are placed on them, cutting off commerce inside the all-encompassing Worldwide Interbank Financial Telecomm SWIFT system – which runs credit, debt, and banking card transactions across a real time global network. As it would be doled out by the banking elites
Sunday, May 21, 2017
Paul Tustain - Galmarley.com
  Calculating the "Fair Value" of Gold 
In the absence of cashflow, judging gold's present "fair value" means analysing it like an insurance actuary would...
Sunday, May 7, 2017
Mish - Global Economic Analysis
EU Orders Austria, Germany, Denmark, Sweden, Norway to Stop Border Controls: Or What?
Bureaucrats should not go about making orders they cannot enforce. It serves no purpose other than to make the bureaucrats look ridiculous. Here is a case in point: Brussels Orders EU Countries to SCRAP Internal Checks Within Six Months. In an announcement tonight, eurocrats said there was no justification for keeping police checkpoints at frontiers within the bloc and said they must be removed by the end of the year. The diktat means that Austria, Germany, Denmark, Sweden, and Norway will all
Wednesday, May 3, 2017
Mike Hewitt - Dollar Daze
  Hyperinflation around the Globe 
Angola (1991-1999) Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform, 1 new kwanza was exchanged for 1,000,000 kwanzas reajustados. The overall impact of hyperinflation: 1 new kwanza = 1,000,000,000 pre-1991 kwanzas.
Sunday, April 23, 2017
Chris Powell - GATA
  Chris Powell: Why invest in gold miners if they won't defend themselves?
Mines and Money Asia Conference, Hong Kong Friday, April 7, 2017 Since we gathered here a year ago, gold and silver market manipulation has burst into the open and become undeniable. Even some mainstream financial news organizations have had to report it, if begrudgingly and only briefly. But the gold and silver mining industry itself keeps running away from it. Fortunately, this conference allows it to be discussed anyway. The biggest development in gold and silver market manipulation in the la
Friday, April 7, 2017
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