Articles related to Monetary System
Antal E. Fekete - Gold University
The Hungarian Connection
Gold is the most misunderstood metal in human history, because of the economists' failure to distinguish between its dynamic and static aspects in representing values. Economists have blithely assumed all along that the value of gold is the same whether it flows freely from one hand to the next, or whether the movement of gold is obstructed, in the worst case arrested, by the government (soon to be aped by banks and individuals
Saturday, September 23, 2017
Philip Judge - Anglo Far East
  The Ancient Port Cities of Tyre and Sidon 
The famous Phoenician traders and their age old port cities of Tyre and Sidon stood as monuments to centuries of 'barter of trade and exchange'. This was your textbook booming economy, boasting of every benefit, technology and luxury affluence could afford. It had diversity in its products range, guarantied markets, established and time proven infrastructure, geographical superiority, and military might. It had a broad customer base, productive labor force, limited government, strategic
Saturday, September 23, 2017
Antal E. Fekete - Gold University
Recapitalize The Banks With Gold
Friday, September 22, 2017
John Paul Koning
The Losing Battle to Fix Gold at $ 35 
Gold-price history charts denominated in US dollars show a flat line at $35 that runs through most of the 20th century. Thirty-five dollars was, after all, the official gold price as set by the United States Treasury from 1934 on. Prior to 1934, the gold price had been fixed at $20.67 for almost a century, before President Franklin Roosevelt confiscated Americans' gold and revalued the price to $35 that year.
Thursday, September 21, 2017
Frank Shostak
  What Is the Correct Amount of Money?
Most economists believe that a growing economy requires a growing money stock, on the grounds that growth gives rise to a greater demand for money, which must be accommodated. Failing to do so, it is maintained, will lead to a decline in the prices of goods and services, which in turn will destabilize the economy and lead to an economic recession or, even worse, depression.Since growth in money supply is of such importance, it is not surprising that economists are continuously searching for the
Wednesday, September 20, 2017
Jeff Clark - Goldsilver
  Top Ten Reasons I Buy Gold Silver [#7] - These Assets Come With a Guarantee
There are no guarantees when it comes to investing. But due to how our current monetary system is structured, and how central bankers will undoubtedly respond to the next crisis, gold and silver are guaranteed to benefit.And that is Mike Maloney’s Reason #7 why he buys gold and silver: they come with a central bank guarantee:It all centers around the constant erosion in the value of our currency. The Consumer Price Index (CPI), the government’s primary gage of inflation, has marched higher for t
Tuesday, September 19, 2017
Frank Shostak
With a Central Bank, Bank "Deregulation" Can Be a Bad Thing
Leading Federal Reserve policymaker Stanley Fischer has hit out at plans to unwind banking regulation, calling it a "terrible mistake."President Donald Trump and republican politicians have advocated the repeal of Dodd Frank, a major piece of post-crisis legislation, and the loosening of some capital and liquidity requirements in a bid to ease banks' ability to lend.In an interview with the Financial Times on August 16, 2017, Fischer said that loosening capital and liquidity requirements is dang
Saturday, September 16, 2017
Jeff Clark - Goldsilver
Top Ten Reasons I Buy Gold Silver [#9] - What Comes After Trillion?
The Derivatives Bomb That Could Wipe Out Your WealthAs high and obscene as the US national debt is, it’s lint on your shirt compared to the size of derivatives.Derivatives have become so large, so complex, and with a truly unknown level of risk, that the first failure could ignite a chain reaction that wipes out the wealth of most investors.That’s reason #9 Mike Maloney says in his new video why he owns gold and silver: The current state of the global economy is so precarious that gold and silve
Saturday, September 16, 2017
Jan Skoyles - GoldCore
Massive Equifax Hack Shows Cyber Risk to Deposits and Investments Today
44% of US population affected by Equifax hack Hackers took names, birthdays and addresses, Social Security and driver’s license numbers Steve Mnuchin “concerned about the global financial system and keeping it safe,” Hacks is a reminder of the vulnerabilities created in a connected world Cyber security is a major threat to both banking and financial industry Investors should hold physical gold as insurance against hacking and cyber attacks Last week 143 million people woke up to the news that
Friday, September 15, 2017
Keith Weiner - Monetary Metals
Tragedy of the Speculations
Bitcoin is often promoted as the antidote to the madness of fiat irredeemable currencies. It is also promoted as the replacement. Bitcoin is promoted not only as money, but the future money, and our monetary future. In fact, it is not. Why not? To answer, let us start with a look at the incentives offered by bitcoin. We saw a comment this week, which is apropos: “Crypto is so exciting and stimulating that is actually very hard for me to be interested in/do things unrelated to it lately.” This se
Thursday, September 14, 2017
Steve St Angelo - SRSRocco Report
By Steve St. AngeloThe four-decade long monopoly of the U.S. Petro-Dollar as the world’s reserve currency is coming to an end.  Unfortunately, most Americans have no clue that when the Dollar loses its reserve currency status, life will get a lot tougher living in the U.S. of A.  Let’s say, Americans will finally receive “Precious metals religion.”The U.S. Dollar Index fell considerably yesterday and is now down below a key support level.  In early morning trading yesterday, the U.S. Dollar Inde
Thursday, September 14, 2017
Mish - Global Economic Analysis
A Silver Coin for Mexico: History Lesson and a Stellar Proposal
My friend Hugo Salinas Price, a tireless promoter of sound money, offers a Primer on the Mexican ‘Libertad’ Silver Ounce as a Vehicle for Savings of the Common Folk. This is a guest post by Hugo Salinas Price. Due to its length, I will not use block quotes. My comments appear at the conclusion. A Primer on the Mexican ‘Libertad’ Silver Ounce as a Vehicle for Savings of the Common Folk Hugo Salinas Price Who created the Mexican silver peso known as the “0.720 Peso”? President of Mexico Venustia
Thursday, September 14, 2017
Hugo Salinas Price -
A Primer on the Mexican 'Libertad' Silver Ounce as a Vehicle for Savings of the Common Folk
Who created the Mexican silver peso known as the "0.720 Peso"? President of Mexico Venustiano Carranza. When did minting of this coin begin? In 1920. Why was it known as the "0.720 Peso"? Because its silver content was 72% of its weight. What was the silver content of the "0.720 Peso"? The pure silver content of the "0.720 Peso" was 12 grams. What was the value of the silver in the "0.720 Peso" in 1920? In 1920, 12 grams of silver were worth 52 Mexican cents. For how many
Wednesday, September 13, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter 10
This Insight continues the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the fifth chapter of Section II.View the Entire Research Piece as a PDF here.An Unstable Equilibrium“A Nash equilibrium is defined as a strategy combination with the
Wednesday, September 13, 2017
Jan Skoyles - GoldCore
Conor McGregor – Worth His Weight In Gold?
– Conor McGregor, MMA champion has gold statue made of him – If McGregor was cast in investment grade gold bullion he would be worth … – If Mayweather were cast in gold he would be worth $2.7m – Ali once fought equivalent of MMA fighter and nearly lost use of his legs – Gold continues to be seen as the ultimate prize in sport – Gold a great prize but true value is as a safe haven At the moment there are some heated debates going on about statues that some believe should no longer stand. Many of
Monday, September 11, 2017
Sprott Money
Gold, Blockchain Technology and Belt Road Initiative - Rory Hall
Most people reading this are well aware of the fact that China and Russia have been acquiring gold for the past several years. Russia just added another 12.44 tons, in July 2017, to their continually growing gold hoard. China, on the other hand, has not added a single ounce of gold to their “official” gold hoard since October 2016. China, instead, has been adding gold mines to their increasing resources hoard. Why add a few tons each month to your gold hoard when you can acquire productive
Sunday, September 10, 2017
Chris Powell - GATA
Jim Rickards: The truth about the Fort Knox gold
Fund manager, author, and newsletter editor James G. Rickards writes today that the U.S. government declines to audit its gold reserves because it doesn't want the world to realize gold's importance in the world monetary system. Rickards adds that much of the U.S. gold reserves could be leased even as all the metal remains in government vaults. Rickards' commentary is headlined "The Truth About the Fort Knox Gold" and it's posted at the Daily Reckoning here:
Saturday, September 9, 2017
Jason Hamlin - Gold Stock Bull
Gold Distributes Wealth, Central Bank Fiat Concentrates It
The fruits of increased productivity used to be distributed across society. Everyone benefited as the economy became more productive, new technologies emerged and new industries were born. Prosperity spread across society as jobs were created, poverty was reduced and a robust and thriving middle class emerged in America. Then came the 1970’s and something suddenly changed. Wages decoupled from productivity and workers no longer benefited from improvements in the economy. This trend has continued
Thursday, September 7, 2017
Sprott Money
Three Faces of Bitcoin - Jeff Thomas
Whenever we see an image of bitcoin, it’s not presented as a blockchain, as it should be, but as a gold coin, which it is clearly not. Why should this be? Well, many of bitcoin’s staunchest supporters are libertarians, who revile fiat currencies as being of no intrinsic value. And they’re correct. Fiat currencies do not pass the Aristotle test of being durable, divisible, portable and intrinsically valuable. They, unfortunately, fail badly on the last requirement. Unfortunately, so does bi
Wednesday, September 6, 2017
Jan Skoyles - GoldCore
Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response
Irishman creates gold statue of MMA champion fighter Conor McGregor If McGregor cast in gold would be worth … If Mayweather were cast in gold he would be worth $2.7m Federer golden statue worth more than Andy Murray cast in gold Ali once fought equivalent of MMA fighter and nearly ended career Gold continues to be seen as the ultimate prize by athletes Gold teaches us to take our time and protect ourselves from risk At the moment there are some heated debates going on about statues that some b
Tuesday, September 5, 2017