Articles related to Monetary Gold
Antal E. Fekete - Gold University
Hedging Non-Gold Investments With Gold
The cliché that the present credit collapse is "the greatest financial crisis since 1929" is the understatement of the century. One measure of the crises is the ratio of gross private debt to nominal GDP. This ratio captures the idea how many years of current output it would take to retire outstanding debt. In these terms, the crisis is truly unprecedented. The world plunged into the present crisis with far greater debt than the debt outstanding at the time when it plunged into the Great Depression in 1929. Add to this the qualitative change in the structure of debt. The most exotic of the Roaring Twenties era debt was brokers' margin lending on the stock purchases of clients. Today, in addition, we have: (1) derivative instruments valued up to one quadrillion dollars, (2) adjustable-rate mortgages, (
Saturday, February 13, 2021
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
Tuesday, January 12, 2021
John Butler - Goldmoney
Financial crisis dynamics, the ‘shadow’ gold demand, and Mene
The study of financial crises is as old as the economics discipline itself. One of the most prominent theorists of financial crises ever to hold a senior Federal Reserve policy position was John Exter, vice-president of the New York Federal Reserve during the 1950s. Several years ago I co-wrote a series of essays on Exter’s theories together with his sonin- law, Barry Downs. In this paper, building on Exter’s work, including his eponymous ‘pyramid’, I introduce a new ‘hourglass’ framework for un
Saturday, November 14, 2020
Robert P. Murphy
The Gold Standard Did not Cause the Great Depression
Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 101–111[The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression by Scott Sumner]The Midas Paradox is an impressive piece of scholarship, representing the magnum opus of economist Scott Sumner. What makes the book so unique is Sumner’s use of real-time financial data and press accounts in order to explain not just broad issues—such as, “What caused the Great Depression?”—but to offer commentary on th
Thursday, November 12, 2020
Antal E. Fekete - Gold University
  The Supply of Oxen at the IMF
Wednesday, October 7, 2020
Antal E. Fekete - Gold University
Gibson’s Paradox The Gold Price
Sunday, September 6, 2020
Gold university - Antal E. Fekete
The Gold Demonetization Hoax

Saturday, September 5, 2020
Antal E. Fekete - Gold University
The Gold basis is Dead - Long Live the Gold Basis!
To the government, the gold basis is like the naughty child who blurts out unpleasant truths. He must be gagged and silenced at all hazards. Fool's gold basis is even more important than fool's gold in terms of the number of people victimized.
Saturday, August 29, 2020
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).
Monday, August 17, 2020
Antal E. Fekete - Gold University
The Fall and Rise of the Gold Standard
The gold standard can only be understood in the context of its clearing system, the bill market, trading real bills that move in a direction opposite to the flow of maturing goods to the final gold-paying consumer. Authors looking at the gold standard in isolation got a cock-eyed perspective. They have to invoke the quantity theory of money. The trouble is that, although it could explain linear changes, the quantity theory is helpless to explain non-linear phenomena such as dynamic changes. Whenever Mises talked about an “evenly
Tuesday, July 28, 2020
Gold - Antal E. Fekete
The Gold Demonetization Hoax

Thursday, July 2, 2020
Fiat 33 
"Sir, I would say, "Old World Order" to return. To understand/explain better: A very easy way to view this "order", would be to simply say that the American Experience is reaching the end! As we know, world war two left Europe and the world economy destroyed. Many thinkers of that period thought that the world was about to enter a decades long depression as it worked to rebuild real assets lost in the conflict. It was this war that so impacted the idea of looking positively toward the fu
Sunday, June 21, 2020
Alasdair Macleod - Finance and Eco.
  Understanding money and prices
This article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is the sound money chosen by markets throughout history, will retain or increase its purchasing power measured in the goods it buys over the coming years.Very few people have a full understanding of the relationship between money and goods. This is the relationship that sets prices. Yet, without that understanding, central banks will almost certainly fail i
Wednesday, June 3, 2020
Antal E. Fekete - Gold University
The Dismal Monetary Science
Tuesday, May 19, 2020
Antal E. Fekete - Gold University
Remobilize Gold To Save The World Economy!
Let me explain. Gold is the only ultimate extinguisher of debt. Other extinguishers do, of course, exist but they are not ultimate in that they have a counterpart in the liability column of the balance sheet of someone else. Gold has no such liability attached to it. Gold is where the buck stops. It is this property
Tuesday, May 5, 2020
Charleston Voice
Did Eisenhower Loot the Nazi Gold Treasures for his Bankster Handlers 
In early 1945, it became clear that the military situation of the city had become hopeless. East of the Red Army was approaching rapidly, and from the air let the constant series of Allied bombing raids after no more. At 31 January 1945 suggested that the Minister of Finance, Ernst-
Friday, May 1, 2020
Chris Powell - GATA
  State Dept. memo explains U.S. policy to drive gold out of financial system
A long memorandum written in March 1974 by a U.S. State Department official for Secretary of State Henry Kissinger and copied to future Federal Reserve Chairman Paul Volcker, then the Treasury Department's undersecretary for monetary affairs, describes the desire of the United States and its options to prevent European countries from increasing the use of gold in the international financial system. The memo, titled "Gold and the Monetary System: Potential U.S.-E.C. Conflict," was recently discov
Wednesday, April 15, 2020
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
Tuesday, April 7, 2020
Alasdair Macleod - Finance and Eco.
Currency exchange value dynamics
In a recent article[i] I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem in the future. The key to understanding why this may be so lies in human reactions to the monetary consequences of the next credit crisis. The undermining of the dollar as a currency affects all other fiat currencies, because it is the reserve currency and all financial markets use
Thursday, March 1, 2018
Chris Powell - GATA
Brandon White: Canada's bank regulator already considers gold the ultimate asset
Bullion dealer BMG Group's Brandon White reports in his latest edition of "This Week in 3 Minutes" that Canadian banks are already treating monetary gold in their vaults or in trust as a "zero-risk" asset for capital purposes, though gold's "zero-risk" standard is still being implemented gradually on an international basis. That is, Canada's bank regulator now formally considers gold the ultimate financial asset. This, White notes, may encourage Canada's financial institutions to hold more real
Sunday, January 28, 2018