Articles related to Gold Standard
Bix Weir
The Three Gold Camps
I believe I have found a suitable starting point when I talk about Gold, and I’d like to share it with you to help explain “WHY” to your friends and family. With people who have little or no knowledge of gold, I have decided to start all conversations by narrowing down the different gold “Camps”. Let’s call them the “3 Gold Camps” and here they are:
Monday, March 30, 2020
Robert Blumen - 24hgold
  The Myth of the Gold Supply Deficit 
Analyses based on annual supply and demand of gold appear on a daily basis, whether posted to gold web sites or in the financial media, many of them by the most respected analysts of gold mining shares. These articles typically show an imbalance between supply and demand, suggesting that there is a gold supply deficit. From there, the conclusion follows that a much higher gold price is required in order to bring supply and demand into balance.
Friday, March 27, 2020
Antal E. Fekete - Gold University
Revisionist View Of The Great Depression Part One
There are two standard views of the Great Depression of the 1930's. Keynesians maintain that the capitalist system is, by its very nature, prone to overproduction and, in the absence of government intervention, excessive inventories will periodically lead to falling prices and to growing unemployment which will further compound the collapse in demand. They advocate public works financed, if need be, by massive deficit spending. The central bank must be instructed to buy up all the government bonds that
Sunday, March 8, 2020
Antal E. Fekete - Gold University
Whither Gold
The year 1971 was a milestone in the history of money and credit. Previously, in theworld's most developed countries, money (and hence credit) was tied to a positive value:the value of a well-defined quantity of a good of well-defined quality. In 1971 this tiewas cut. Ever since, money has been tied not to positive but to negative values – the value of debt instruments.
Monday, March 2, 2020
Antal E. Fekete - Gold University
Is Aggregate Debt Excessive
Sunday, March 1, 2020
David Morgan - Silver Investor
  Correcting Antal Fekete's Historical Silver Errors 
In "The Double Whammy of Geopolitical Gold Games reposted in February 2013 (from January 31, 2008) by Antal Fekete he stated some errors of fact! Marco Polo, guide us on this excursion to China! Bruce Lee, help our reflexes to be as fast as yours! May we not be slap happy like Jackie Chan! Wo Fat, do not mislead us! Antal mentioned China's silver money system going back to the 16th century, then stated" "CHINA'S EXTERNAL TRADE WAS INSIGNIFIC
Monday, February 24, 2020
Antal E. Fekete - Gold University
Revisionist Theory of Depressions Can It Happen Again
Saturday, February 15, 2020
Philip Judge - Anglo Far East
Inflation And Alan Greenspan 
Alan Greenspan 1967 "As the supply of money increases relative to the supply of tangible assets in the economy, prices must eventually rise. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value". Alan Greenspan 1981 "A return to a gold standard (would be) a basic change in our economic processes. A gold-based monetary system will necessarily prevent fiscal imprudence. Once achieved, the discipline of the gold standard would surely reinforce anti-inflation policies, and make it far more difficult to resume financial profligacy".
Saturday, February 15, 2020
Frank Shostak
Why We Now Measure Gold in Dollars — and Not the Other Way Around
Prior to 1933, the name "dollar" was used to refer to a unit of gold that had a weight of 23.22 grains. Since there are 480 grains in one ounce, this means that the name dollar also stood for 0.048 ounce of gold. This in turn, means that one ounce of gold referred to $20.67.Observe that $20.67 is not the price of one ounce of gold in terms of dollars as popular thinking has it, for there is no such entity as a dollar. Dollar is just a name for 0.048 ounce of gold. On this Rothbard wrote,No one p
Monday, February 10, 2020
Antal E. Fekete - Gold University
  Silver and Opium 
From the mid-17th century more than 9 billion Troy ounces or 290 thousand metric tons of silver was absorbed by China from European countries in exchange for Chinese goods. The British introduced opium along with tobacco as an export item to China
Thursday, February 6, 2020
Antal E. Fekete - Gold University
Double Jeopardy
The Constitution protects the citizen against "double jeopardy", that is, the judicial arm of the government cannot inflict harm on the citizen twice for one and the same reason. Apparently, the principle of double jeopardy does not apply to the monetary arm of the government
Saturday, February 1, 2020
Robert Blumen
What Is Key for the Price Formation of Gold
Robert Blumen discusses some important but widely misunderstood elements acting on the gold price. He explains that frequently cited gold demand statistics have no relationship to the gold price. In addition, he explains that the annual gold mine production is of very little influence, as gold is hoarded, not consumed like other commodities. Robert Blumen was born in 1964 and gr
Monday, January 27, 2020
Lew Rockwell
  Our Enemy, the Executive State 
The modern institution of the presidency is the primary political evil Americans face, and the cause of nearly all our woes. It squanders the national
Saturday, January 25, 2020
Nathan Lewis - New World Economics
Gold Standard Technical Operating Discussions 2: More Variations
Last week, we were talking about some of the technical issues of operating a gold standard system.There are actually quite a few different ways you can do things. January 8, 2012: Some Gold Standand Technical Operating Discussions We looked at a few options: one was a standard currency board with another currency.
Friday, January 24, 2020
Alasdair Macleod - Finance and Eco.
The origin of cycles
It was Karl Marx who was among the first believers that cyclical behaviour was endemic to free markets.He lived through a time when there was a regular cycle of boom and bust, with phases of economic expansion followed by contraction. Workers were employed and then unemployed, and the only way this could be stopped, in Marxian economics, was for the workers to acquire the means of production, or more correctly, the state to do so on their behalf.Other economists, such as Jevons and Wicksell, rec
Friday, January 24, 2020
Antal E. Fekete - Gold University
  The Revisionist Theory and History of Depressions 
An accounting principle, the Law of Liabilities, asserts that a firm ought to carry itsliabilities in the balance sheet at its value upon maturity, or at liquidation value,whichever is higher. This Law is ignored by present accounting standards. The result is arise in the liquidation value of debt, erosion of depreciation quotas, and wholesaledestruction of capital under a falling interest-rate structure caused by a faulty monetarypolicy, hailed as the savior, but which should be condemned as the destroyer. Recognizing the Law of Liabilities may help us to understand deflations and depressionsbetter.
Thursday, January 23, 2020
Mike Hewitt - Dollar Daze
The History of Money: Peru
Peru is the nineteenth largest country in the world and is a diverse land, both in terms of people and geography. It is populated by over 29.2 million peopl, largely descended from Spanish settlers, native Inca, and pre-Inca cultures. Peru has three national languages: Spanish, Aymara, and the native Quechua, reflecting the native Indian and Spanish roots that cultiv
Sunday, January 19, 2020
Antal E. Fekete - Gold University
Has Barrick Been Barricked By The U.S.
Monday, January 13, 2020
Antal E. Fekete - Gold University
The Vanishing Of The Gold Basis and... 
The gold basis is defined as the difference between the nearby futures price and the cash price of gold in the same location. A positive basis is called contango; a negative one, backwardation. Since there were no organized futures markets in gold prior to 1971, the history of gold basis is confined to the last 35 or so years Gold futures trading started on the Winnipeg Commodity Exchange in Canada in 1971 at a time when ownership and trading of gold was still illegal in the United States. Upon becoming legal the bulk of gold futures
Sunday, January 12, 2020
Mike Hewitt - Dollar Daze
  America's Forgotten War Against the Central Banks
"Let me issue and control a nation's money supply, and I care not who makes its laws." (Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty) Many prominent Americans such as Benjamin Franklin, Thomas Jefferson, and Andrew Jackson have argued and fought against the central banking polices used throughout Europe. A note issued by a central bank, such as the Federal Reserve Note, is bank currency. These notes are given to the government in exchange for an interest-bearing g
Sunday, January 5, 2020