Articles related to Greece
 
Mark O'Byrne - gold.ie
Silver Very Undervalued from Historical Perpective of Ancient Greece
– What wages in ancient Athens can tell us about the silver price today – Wages paid in silver in ancient Athens compared to wages today – Silver massively undervalued compared to the past few thousand years The cost of building the Parthenon was 469 silver talents, or about £5.6m. by Dominic Frisby Today we look at the wages paid to oarsmen on warships in ancient Athens in 450BC. I bet you’ve never read a Money Morning that began like that before. Why on earth would I want to do such a thing?
Friday, February 23, 2018
Mark O'Byrne - gold.ie
Bank Bail-In Risk In European Countries Seen In 5 Key Charts
Bank Bail-In Risk In Europe Seen In 5 Charts – Nearly €1 trillion in non-performing loans poses risks to European banks’– Greece has highest non-performing loans as a share of total credit – Italy has the biggest pile of bad debt in absolute terms– Bad debt in Italy is still “a major problem” which has to be addressed – ECB– Level of bad loans in Italy remains above that seen before the financial crisis – Deposits in banks in Greece, Cyprus, Italy, Ireland, Czech Republic and Portugal most at ri
Tuesday, February 20, 2018
Bullion Vault
Start of Chinese New Year Holiday See Gold Bullion Whip on US Inflation Data, Turkey Threatens 'Ottoman Slap'
GOLD BULLION prices fell as the Dollar jumped on stronger-than-expected US inflation data Wednesday, only to recover the drop as fixed-income bond prices fell, pushing longer-term interest rates higher once more. World stock markets also sank and then rallied on the news, with Germany's Dax regaining a previous 1.0% loss by mid-afternoon in Frankfurt. Gold priced in non-US currencies also spiked
Wednesday, February 14, 2018
Nathan Lewis - New World Economics
“Rules-Based” Monetary Proposals Won’t Create S...
(This item originally appeared at Forbes.com on February 9, 2018.) https://www.forbes.com/sites/nathanlewis/2018/02/09/rules-based-monetary-proposals-wont-create-stable-money/#4b822c96128e I often say that governments should follow the “Magic Formula,” which is: Low Taxes and Stable Money. Good things happen to governments that do this, and bad things happen to those that don’t. “Stable Money” means: money that is stable in value. The traditional way to accomplish this is to link currencies to g
Monday, February 12, 2018
Nelson Hultberg - AFR.org
Ominous Musings on America – 2018
Decay and despotism invade our lives today like gangrene creeps up the limbs of a wounded soldier in the festering fields of war. Our Washington pols swagger through fulsome milieus of political putrescence and graft. Establishment pundits spew hysterical falsehoods on a daily basis. FOMC bureaucrats print fake money like mountebanks spin shell games to carnival dupes. Special counsel shysters conduct corrupted investigations to overturn the rightful will of the people. Political thuggery masque
Tuesday, January 30, 2018
Hugo Salinas Price - Plata.com
  Some Reflexions on History and Economics 
Nicolas Oresme, a Catholic bishop (1320-1382), studied human behavior with regard to money, which in his time consisted of gold and silver coinage; he was perhaps the first to observe that humans attribute varying valuations to the money that comes into their hands. He stated that holders of gold and silver coins prefer to tender their most deteriorated coins in payments, and retain the most bright, shiny and perfect of their coins. Thus, he was the true originator of what has come to be known a
Thursday, January 25, 2018
Mish - Global Economic Analysis
Debt to GDP: Only 4 Major Countries Worse Off Than the US
Of major nations, only Japan, Greece, Italy, and Portugal have debt-to-GDP ratios higher than the US. With the new tax overhaul, U.S. government debt will rise by one to two trillion dollars over the next decade. I view that assessment as majorly optimistic as it assumes no recession and unlikely growth. Citing IMF statistics, the Wall Street Journal reports Just Four Large Countries Have a Higher Debt Burden Than the U.S. Japan’s government carries debts at 240.3% of gross domestic product, f
Monday, January 1, 2018
Andy Hoffman - Miles Franklin
2017, The Year of the Truth Bomb! (Part 1)
Here we are at the end of 2017 with more “truth bombs” released than I could have imagined!  In fact, I believe we probably received more “truth” in just one year than collectively in all of human history.  This is a sad statement because it also means we have lived behind more lies than at any time prior.  Also surprising is none individually have cracked the dam called “confidence”.  But do not be fooled as it looks as if the entire dam is moving, particularly in the last few weeks! As we have
Tuesday, December 26, 2017
Mark O'Byrne - gold.ie
Gold, Bitcoin and the Blockchain Replaces the Banks – Realists Guide To The Future
– Futurist guide to 2028 shows a world of uncertainty and disruption– One scenario suggests cybersecurity attacks will result in bitcoin and blockchain’s dominance of financial systems– Cybersecurity threat will still loom large and wreak havoc. Gold, silver and other real assets will benefit.– Adoption of cryptocurrencies and blockchain will send gold price soaring– Use of cryptocurrencies to take advantage of world systems will see investors turn to safe havens such as gold bullion and coins
Monday, December 25, 2017
Chris Vermeulen - GoldandOilGuy
Should you consider investing/buying Gold or Bitcoin?
Recently, we have been asked by a number of clients about the precious metals and what our advice would be with regards to buying, selling or holding physical or trading positions in the metals.  There are really only a few short and simple answers to this question and they are revolve around the concept of providing a hedge against risk, capital preservation and opportunity for returns.  Let’s explore the details a bit further. First, Gold, historically, has been and will continue to be the bas
Thursday, December 21, 2017
Chris Martenson
The Great Oil Swindle 
When it comes to the story we're being told about America's rosy oil prospects, we're being swindled.  At its core, the swindle is this: The shale industry's oil production forecasts are vastly overstated. Swindle:  Noun  - A fraudulent scheme or action. And the swindle is not just affecting the US.  It's badly distorted everything from current geopolitics to future oil forecasts. The false conclusions the world is drawing as a result of the self-deception and outright lies we're being told is
Saturday, December 16, 2017
Alasdair Macleod - Finance and Eco.
Europe, Brexit and the credit cycle 
Europe’s financial and systemic troubles have retreated from the headlines. This is partly due to the financial media’s attention switching to President Trump and the US budget negotiations, partly due to Brexit and the preoccupation with Britain’s problems, and partly due to evidence of economic recovery in the Eurozone, at long last. And finally, anyone who can put digit to computer key has been absorbed by the cryptocurrency phenomenon.Just because commentary is focused elsewhere does not mea
Friday, December 15, 2017
Jeff Clark - Goldsilver
Should I Buy “Collectible” Silver? The 3 Criteria to Look For
We get the same question every time we release a new proprietary GoldSilver product: why should I buy your silver round instead of a standard bullion product like an Eagle?There are several answers to that question—they can be a great way to diversify, they’re unique in the marketplace, and they might reflect values that you share.But the biggest answer of all is this: because you might make a bigger profit.That’s a bold statement, because like most things in life, there are no guarantees. But o
Monday, December 11, 2017
Benjamin Constant
On the Liberty of the Ancients Compared with that of the Moderns
He loved liberty as other men love power," was the judgment passed on Benjamin Constant by a 19th-century admirer. His great public concern, all throughout his adult life, was the attainment of a free society, especially for his adopted country, France; and if a (by no means uncritical) French commentator exag
Wednesday, December 6, 2017
Tom DiLorenzo
  Four Thousand Years of Price Control 
Supply and demand have been allowed to work — at least in a limited way — in energy markets, resulting in ups and downs in gasoline prices. Strong demand coupled with regulatory supply restrictions that were worsened by several hurricanes caused gasoline prices to go up. Then as hurricane-damaged refineries were repaired, gas prices began to plummet.
Sunday, November 26, 2017
Mark O'Byrne - gold.ie
Money and Markets Infographic Shows Silver Most Undervalued Asset
– Silver remains severely under owned and under valued asset – Entire silver market worth tiny $100 billion shown in one tiny square – “All of the World’s Money and Markets in One Visualization” – Must see ‘Money and Markets’ infographic shows relative size of key markets: silver bullion, gold bullion, cryptocurrencies/ bitcoin, largest companies, 50 richest people, Fed balance sheet, currency, stocks, property, cash, debt & derivatives – Small allocation by investors and world’s richest will se
Monday, November 20, 2017
Jan Skoyles - GoldCore
Prepare For Interest Rate Rises And Global Debt Bubble Collapse
– Diversify, rebalance investments and prepare for interest rate rises – UK launches inquiry into household finances as £200bn debt pile looms – Centuries of data forewarn of rapid reversal from ultra low interest rates – 700-year average real interest rate in last 700 years is 4.78% (must see chart) – Massive global debt bubble – over $217 trillion (see table) – Global debt levels are building up to a gigantic tidal wave – Move to safe haven higher ground from coming tidal wave Editor: Mark O’B
Thursday, November 9, 2017
Mark O'Byrne - gold.ie
Platinum Bullion ‘May Be One Of The Only Cheap Assets Out There’
Platinum “may be one of the cheap assets out there” and “is cheap when compared with stocks or bonds” according to Dominic Frisby writing in the UK’s best selling financial publication Money Week. Platinum Bullion in USD (15 years) Frisby writing in Money Week laments the total absence of value in today’s markets. He then identifies an asset that is both cheap (on a relative basis) and is valuable and the article is well worth a read: The value investor’s lament – where have all the cheap assets
Wednesday, November 8, 2017
Alasdair Macleod - Finance and Eco.
Gold, Goldmoney and Mene
Gold, ornamentation and money: that was the sequence of events. Man discovered gold, found it malleable, durable and attractive. It was first used for ornamentation, then as social economics evolved into the division of labour, its value as ornamentation and its physical properties made it the most enduring medium for money. Even to this day, Asians representing most of the world’s population still understand this connection between gold, ornamentation and money.Goldmoney has recently backed a n
Wednesday, November 1, 2017
Nathan Lewis - New World Economics
James Ledbetter Wants To Convince You That Gold Is Folly, Superstition And Madness
(This item originally appeared at Forbes.com on October 26, 2017.) https://www.forbes.com/sites/nathanlewis/2017/10/26/james-ledbetter-wants-to-convince-you-that-gold-is-folly-superstition-and-madness/#2d1a786f5785   The purpose of James Ledbetter’s new book, One Nation Under Gold (2017) is to convince you that anything to do with gold – especially basing your money on it – is folly, superstition, mania, obsession, and madness. We know this because he tells us so, in the introduction: Fixing ou
Monday, October 30, 2017
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