Articles related to Georgia
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 trie
Friday, July 10, 2020
Frank Shostak
Is Money Created by Government Decree
According to popular view people accept money because of a government decree.1 A government decree it is argued makes a particular thing accepted as a general medium of exchange. But, does it make sense?Demand for a good arises from its perceived benefit. For instance, people demand food because of the nourishment it offers them. It is different with money people demand it not for direct use in consumption but in order to exchange it for other goods and services.Money is not useful in itself, bu
Saturday, July 4, 2020
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 D
Friday, July 3, 2020
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 this
Monday, June 22, 2020
Frank Shostak
  Why Wage Growth Is So Weak 
The yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4% in May.Many experts are puzzled by the subdued increase in workers earnings. After all, it is held the US economy has been in an expansionary phase for quite some time now. Softer real output growth important reason why hourly earnings remain under pressureAccording to the US Government’s own data, since 2000, in terms of industrial producti
Friday, June 19, 2020
Peter McKenzie-Brown - Language Instinct
The Immutable Laws of Nature, and Murphy's other 15 Laws 
THE IMMUTABLE LAWS OF NATURE.... Law of Mechanical Repair After your hands become coated with grease, your nose will begin to itch and you'll have to pee. Law of GravityAny tool, nut, bolt, screw, when dropped, will roll to the least accessible place. Law of Probability The probability of being watched is directly proportional to the stupidity of your act. Law of Random NumbersIf you dial a wrong number, you never get a busy signal; someone always answers. Law of Variable Motion If you ch
Thursday, June 18, 2020
Mac Slavo - ShtfPlan
  Luxury Bunkers For Sale: The Wealthy Are Buying Multi-Million Dollar Bunkers With “Highest Level Of Military Grade Security”
After Donald Trump was elected president, a lot of the fears and concerns that were once so common among conservatives and libertarians, seemed to fade. That state of relief was proven to be temporary, but fears of financial collapse and social disintegration still aren’t as prevalent now as they used to be. A lot of people have let their guard down, because they think things will be alright since “their guy” is in office. But they should be concerned, because while they’ve been breathing a sigh
Tuesday, June 16, 2020
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: 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
Thursday, June 11, 2020
Mike Maloney - Goldsilver
  Gold Silver Confiscation: Can the Government Seize Assets
One concern of retail precious metals investors is the possibility of a gold confiscation.Imagine having the forethought to buy gold to shield your finances from an economic or monetary crisis—only to have it taken away from you by your government. You’d lose not just the protective buffer you put in place but potentially a chunk of your net worth.Gold confiscation may sound preposterous to investors used to securities or real estate. But it’s happened in the past enough times to make it a reaso
Monday, June 1, 2020
Jeff Clark - Goldsilver
How Where to Buy Gold Bars (2017 Buying Guide)
If you’re looking to invest in physical gold at the lowest possible price per ounce, there’s no better choice than gold bars. Coins may be more attractive, but all that manufacturing and packaging comes at a price. Gold bars, on the other hand, are the stalwart of the industry, what everyone from average investors to central banks buy and store. In other words, you can’t go wrong buying gold bars—provided you follow four tips including where to buy gold bars. The Advantage of Buying Gold BarsTip
Monday, June 1, 2020
Perth Mint Blog - Perth Mint Blog.
A brief history of gold in Australia
The discovery of gold by colonial settlers during the 19th century had a huge effect on the development of Australia. Powering an influx of new migrants and helping to shape the national character, it attracted capital and created the wealth necessary for economic progress. Having laid the foundations of the modern nation, gold continues to play a vital role in Australia's fortunes. Here's our concise overview of the history of Australian gold. 1820s - Travelling beyond the confines of Sydney, E
Saturday, May 23, 2020
Mike Hewitt - Dollar Daze
Should Self-Sufficient Countries Trade
Countries that are self-sufficient have enough resources to meet the demands of their citizens. Such countries do not need to trade, but there is advantage to be gained by trading. These benefits are three-fold: reduced prices, a tradable surplus, and/or reduced work hours for their citizens. I will illustrate this principle using two commodities - spice and coal - from two hypothetical countries: Zamunda and Elbonia. For this illustration we need to agree on the following assumption:
Thursday, May 21, 2020
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
Thursday, May 21, 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 thes
Monday, May 18, 2020
Jeff Clark - Casey Research
Should I Buy Numismatic Coins 3 Risks of Collectible Gold Coins
Numismatic coins can be a fun hobby, and can offer the collector a beautiful timepiece from interesting periods in history.Unfortunately, many novice investors that dabble in this market have lost money. And in many of those cases, the price of gold actually rose while the coins were held!How can an investor lose money on valuable rare coins? And why don’t they rise with the gold price?This article highlights three specific risks investors take with numismatics. Let’s co
Friday, May 15, 2020
Richard Mills - Ahead of the Herd
Two Bullets
I’ve read the following article so many times I can just about recite both from memory. I found it years ago, anon, thank you, you’ve helped keep me focused. I hope readers find Two Bullets as useful as I did. *** Two Bullets Several years ago, I met someone, Trader Joe, who was an expert technical trader. I call him an expert because he lived off of his profits, he was financially independent, and he frequently went on random scuba diving and bird watching vacations at
Wednesday, May 13, 2020
Perth Mint Blog - Perth Mint Blog.
The ultimate guide to silver
Thinking about investing in silver? Here's your essential guide to the history, culture and science of one of the most remarkable metals known to man.  . The Periodic Table lists elements in order of atomic weight. At 47 on the table, silver is represented by 'Ag' from argentum, the Latin description for white, shiny metal.  . Silver is one of the seven so-called 'metals of antiquity' which mankind identified and found uses for thousands of years ago.  . First mined around 3,000 BC i
Friday, May 8, 2020
Steve Saville - Speculative Investor
Why bad economic theories remain popular 
Ludwig von Mises and Friedrich Hayek, the most prominent “Austrian” economists of the time, anticipated the 1929 stock market crash and correctly predicted the dire consequences of government attempts to artificially stimulate economic growth in the aftermath of the crash. John Maynard Keynes, on the other hand, was totally blindsided by the stock market crash and the economic disaster of the early 1930s. And yet, Keynes’s theories gained enormous popularity during the 1930s whereas the work of
Tuesday, April 28, 2020
Charleston Voice
  Mine Eyes Have Seen The Glory Of Federal Tyranny! - "General Sherman has silver and gold enough to s 
~ Railroad Depot Charleston, South Carolina, 1864 ~  THE LETTER from Union Lieutenant Thomas J. Myers: Feb 26, 1865 of the Morrill Tariff "Camp near Camden, S. C. My dear wife--I have no time for particulars. We have had a glorious time in this State. Unrestricted license to burn and plunder was the order of the day.  The chivalry [meaning the Honourable & Chivalrous people of the South] have been stripped of most of their valuables. Gold watches, silver pitchers, cups, spoons, forks,
Thursday, April 23, 2020
Andy Hoffman - Miles Franklin
Special Supplement: Counterfeit Coins You Get What You Pay For 
Miles Franklin has been in business for 27 years – with an A+ Better Business Bureau rating, and not a single registered complaint since opened our doors in 1989.  The company is still owned by the father and son team that founded it, Andy and David Schectman; and our brokers, on average, have been selling bullion since the early 1980s.  For a variety of reasons – from our sterling reputation; to competitive sale prices; the industry’s best “buyback” prices (particularly for Miles Franklin custo
Sunday, April 19, 2020