| |
 | Nathan Lewis - New World Economics |
| The Bank of England, 1720-1913 |
| In 1844, there was a new regulation of the Bank of England, which separated the Bank into an Issue Department and a Banking Department. The Issue Department was solely responsible for issuing and managing banknotes, or "currency in circulation." The Banking Department was responsible for lending, including deposits. We recognize today that deposits at the currency issuer (central bank) are a form of base money, much like banknotes, because they are accepted as an ultimate form of payment. Thus, what we now recognize as "base money" was split between the two Departments. This introduced some funny issues, which we may talk about in much more detail later.Monday, September 17, 2018 |
|
 | Charleston Voice |
| FOMC Minutes from 1967 Illuminating Central Bank Gold Price Suppression, Market Manipulations |
| The issue before us here is not so much the mechanics of deception, but the tenacity and conviction of the banking cartel to use any means to protect themselves.Monday, September 10, 2018 |
|
 | Antal E. Fekete - Gold University |
| Gotterdammerung |
| Wagner's opera Gotterdämmerung is about the twighlight of pagan gods. The most powerful of the latter-day pagan gods that has been guiding the destinies of humanity for the past two-score of years is Irredeemable Debt. Before August 14, 1971, debts were obligations, and the word "bond" was to mean literally what it said: the opposite of freedom. The privilege of issuing debt had a countervailing responsibility: that of repayment.Thursday, September 6, 2018 |
|
| Gold university - Antal E. Fekete |
| The Gold Demonetization Hoax |
| Sunday, September 2, 2018 |
|
 | 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 jewelSaturday, September 1, 2018 |
|
 | Steve Saville - Speculative Investor |
Basic Gold Market Facts  |
| Here are ten basic gold-market realities that are either unknown or ignored by many gold 'experts'.1. Supply always equals demand, with the price changing to maintain the equivalence. In this respect the gold market is no different from any other market that clears, but it's incredible how often comments like "demand is increasing relative to supply" appear in gold-related articles.2. The supply of gold is the total aboveground gold inventory, which is currently somewhere in the 150K-200K tonneTuesday, August 21, 2018 |
|
| Antal E. Fekete - Gold University |
| Keeping our Eyes Peeled for the Silver and Gold Basis |
| Here is a question for the discriminating observer. How is it that interest-rate derivatives do not obey the Law of Supply and Demand? The more there are of them, the more they are in demandFriday, August 17, 2018 |
|
 | Phoenix Capital - Gains Pains & Capital |
| A Gift From The Oldies |
| By Chris at www.CapitalistExploits.at
I bumped into a friendly bloke at my local gym last week. Jim is his name.
Jim tells me he just started because, and I quote, "my doctor says I'm going to die unless I do something".
Now, I assure you it doesn't take a doctor to figure this out.
One glance in Jim's direction and you can tell that underneath all that weight there's a big struggling heart in there... just ready to explode. He was surprisingly frank and tells me it's so bad that he can oMonday, August 13, 2018 |
|
| Missing and fractional gold - Market Force Analysis |
| Central Banks are NOT ordinary Gold Investors |
| "The differences in the degree of marketability is of the highest significance for the theory of money. The failure to recognize this is one of the essential causes of the backward state of monetary theory. The theory of money necessarily presupposes a theory of marketability of goods."
(Carl Menger On the Origin of Money, 1892)Saturday, August 11, 2018 |
|
 | Perth Mint Blog |
| Then, As Now, Silver's Course Dangerous To Predict |
| Looking for something different to read during my midday break today, I visited The Perth Mint’s library and came across “Messrs.Mocatta andGoldsmid’s Circular on the Movements of Gold and Silver during 1913”, an Appendix to the British Royal Mint’s 1913 Annual Report.
Silver investors will find this circular of 100 years ago of interest as Messrs.Friday, August 10, 2018 |
|
| Antal E. Fekete - Gold University |
The Federal Reserve As An Engine Of Deflation (sic!)  |
| Although the Fed’s open market purchases of securities (always net) affect only the short end of the yield curve directly, through the transmission of risk-free bond speculation they will affect the rest of the yield curve indirectly. Thus the entire spectrum of interest rates will keep falling in consequence of the Fed’s open market purchases of Treasury bills (or equivalent). This is a powerful if unrecognized force in the economy causing a chain-reaction as follows:Tuesday, August 7, 2018 |
|
| Antal E. Fekete - Gold University |
| Credit Unions |
| Monday, August 6, 2018 |
|
| Hyperinflation - USA Gold |
| The Nightmare German Inflation |
| Hey, Mr. Chairman, in case you haven't noticed, the Federal Reserve already has a goodly supply of oxen!
My father was fond of relating a story about a professor lecturing on geography. A short fellow, he was extolling the agriculture of Switzerland. "In our country oxen are not even as tall as I am. In some countries you see oxen just as tall as myself. But, believe it or not, on the fat pastures of Switzerland there are even greater oxen than myself". For emphasis the good professor stood on his tiptoes and stretched his hand upwards above his head. "We don't believe so!" - shouted someone from the back benches of the lecture theater.Friday, July 27, 2018 |
|
 | Thorsten Polleit |
 The Fiasco of Fiat Money |
| I. Today's worldwide paper-, or "fiat-," money regime is an economically and socially destructive scheme — with far-reaching and seriously harmful economic and societal consequences, effects that extend beyond what most people would imagine.
Fiat money is inflationary; it benefits a few at the expense of many others; it causes boom-and-bust cycles; it leads tooverindebtedness; it corrupts society's morals; and it will ultimately end in a depression on a grand scale.Wednesday, July 25, 2018 |
|
| Nathan Lewis - New World Economics |
| Blame Gold |
| We have been talking about The Midas Paradox (2015), by Scott Sumner.
July 23, 2017: The Midas Paradox (2015), by Scott Sumner.
As you probably guessed from the three-word title, the book can be summarized in two words, which are: “blame gold.”
This, as we have seen, is actually a relatively new notion, even if it enjoys some popularity today. The general consensus, which later (after 1950) became the Keynesian consensus, did not blame gold, or indeed, monetary policy in general, for the Great DTuesday, July 17, 2018 |
|
 | 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.Thursday, July 12, 2018 |
|
| Gold - Antal E. Fekete |
| The Gold Demonetization Hoax |
| Tuesday, July 10, 2018 |
|
| Perth Mint Blog - Perth Mint Blog. |
| How much do you know about gold investing |
| It’s easy to fall in love with gold. After all, the rich and famous have obsessed over it for millennia. During the past two decades, gold ownership has become much more widespread. No longer a sole preserve of the elite, every day and mum and dad investors have also taken a shine to the glittering yellow metal. Accessibility to gold through bullion bars and legal tender coins, certificates and exchange traded products makes buying and storing gold simple. Driving folk to take advantage is thisFriday, July 6, 2018 |
|
| Nathan Lewis - New World Economics |
| Devaluations of the 1930s Don't Justify Today's Funny Money Excess |
| Without question, the Great Depression was a time when the political
consensus moved from a Classical “hard money” approach towards a
Mercantilist “soft money” approach — leading, ultimately, to today’s
“print until the pain goes away” reaction. Actually, this trend had
started in the later 19th century, and was not fully expressed until
the 1970s – an evolution stretching over a hundred years or more.
But, the experience of the Great Depression period of the 1930s
stFriday, July 6, 2018 |
|
 | Hugo Salinas Price - plata.com.mx |
 The Gold Standard: Generator Protector Of Jobs |
| The abandonment of the gold standard in 1971 is closely tied to the massive unemployment the industrialized world has suffered in recent years; Mexico, even with a lower level of industrialization than the developed countries, has also lost jobs due to the closing of industries; in recent years, the creation of new jobs in productive activities has been anemic at best.Thursday, July 5, 2018 |
|
|
