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 | Mark O'Byrne - gold.ie |
| Puerto Rico Without Electricity, Wifi, ATMs Shows Importance of Cash, Gold and Silver |
| – Puerto Rico without electricity, wifi, ATMs shows importance of cash, gold and silver
– Most of Puerto Rico remains in the dark and without power three weeks after storm
– With widespread power failures, Puerto Rico remains cash only with retailers only accepting cash and few consumer having cash
– Shortages of food, fuel and medicine with infrastructure repairs delayed
– Power could be ‘out for months’ as 85% of people remain off the grid
– Around 75% of ATMs disconnected
– Electronic forms oMonday, October 16, 2017 |
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 | Nathan Lewis - New World Economics |
 The Silliness of the Bretton Woods Years |
| We’re continuing our look into One Nation Under Gold (2017), by James Ledbetter.
October 2, 2017: One Nation Under Gold (2017), by James Ledbetter
Ledbetter glided quickly over the period from 1914 to 1931, taking up the story again in earnest with the British devaluation of 1931 and, especially, the U.S. devaluation of 1933. This was treated with some interesting detail. However, Ledbetter made almost no mention of the fact that the U.S. returned to gold at the beginning of 1934 at $35/oz., andMonday, October 16, 2017 |
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 | Phoenix Capital - Gains Pains & Capital |
| Zimbabwe Inflates, Again… |
| In November 2008, Zimbabwe experienced the second highest recorded inflation rate in history, and with that, it entered the Hanke-Krus World Hyperinflation Table. That’s when the annual inflation rate reached a peak of 89.7 sextillion (10^21) percent (see table below).
At this point, prices were doubling every 24.7 hours. During Zimbabwe’s hyperinflation episode (2007-2008), the Reserve Bank of ZimSunday, October 15, 2017 |
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 | Alasdair Macleod - Finance and Eco. |
| Oil for gold – the real story |
| Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing gold futures priced in yuan, an oil exporter to China contracting to accept yuan could use these two futures contracts to take delivery of physical gold in payment for oil.I was quoted in that article as follows:"It is a mechanism which is likely to appeal toSunday, October 15, 2017 |
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 | John Butler - Goldmoney |
Common commodity misconceptions  |
| Commodities are the most basic economic goods, providing essential inputs into progressively more complex goods at advanced stages of production. Yet the economic mainstream generally fails to understand commodities, treating them as distinct from the processes whereby they are created and the processes they subsequently enable, when in fact they are an integral part of a dynamic, complex, adaptive economic system. A correct understanding of commodities is essential if we are to understand what Saturday, October 14, 2017 |
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 | Keith Weiner - Monetary Metals |
| A Free Market for Goods, Services, and Money |
| A thesis submitted September 3, 2012 by Keith Weiner to the Graduate Faculty of the New Austrian School of Economics, in partial fulfillment of the requirements for the degree of Doctor of Philosophy. Major Subject: Monetary Science.
Abstract
A free market is composed of people who produce and trade the products of their efforts in exchange for the products of others. Each sets the prices at which he is willing to offer his product and at which he is willing to bid on others’ products. The markeSaturday, October 14, 2017 |
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 | Mike Maloney - Goldsilver |
| Bitcoin Was Useless in This Disaster Scenario - Cash Gold King in Hurricane Maria |
| Mike discusses the barter situation after disastrous Hurricane Maria on the Island of Puerto RicoNote from Dan Rubock, Producer of Hidden Secrets of Money series: You can help Rincon (my hometown, also Edd Santoni in this video) by donating at the following link: https://www.gofundme.com/aid-for-west... This local restaurant has become a community hub and savior for many people in Rincon.They have literally closed their business down to become a relief center, it is still one of the few places Saturday, October 14, 2017 |
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 | Gary Tanashian - Biwii |
| Update on Q4 Pivot View for Stocks and Gold |
| By Gary TanashianReference a post from August 11: Potential Pivots Upcoming for Stocks and GoldStock Market StatusIn the above-linked article we noted several legs that could be kicked out from under the S&P 500’s table in Q4 2017. The stock market blew right through one of them, which was a bearish (on average) seasonal trend for the 2nd half of September. No one indicator is a be all, end all. In sum, they define probabilities. But price is the ultimate arbiter and as of today, price says ‘stiFriday, October 13, 2017 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Tokenization of Gold |
| The Blockchain technology enables tokenization of gold. What does it mean for the precious metals market?
Usually, investors consider precious metals and cryptocurrencies as substitutes, as the value of both asset classes depends on the level of faith in the national fiat currencies. However, a few cryptocurrencies backed by gold exist, potentially creating some synergies. For example, there is OneGram, which is a sharia-compliant cryptocurrency backed by gold. It means that each token is backedFriday, October 13, 2017 |
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| Phoenix Capital - Gains Pains & Capital |
| The Best Predictor of Future Inflation is Flashing "WARNING!" |
| The Fed is dramatically understating real inflation.
As you know, I’ve been very critical of the Fed’s inflation measures for years. The official inflation measure (Consumer Price Index or CPI) does a horrible job of measuring the actual cost of living for Americans.
I have long stated that this is intentional as the purpose of CPI is to hide the true rate of inflation so the Fed can paper over the decline in living standards that has plagued the US for the last few decades.
The Fed isn’t doingThursday, October 12, 2017 |
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 | Stewart Thomson - Graceland Update |
| Gold's Technical Line Of Concern |
| The traditional post jobs report rally for gold is in full swing. This is the daily gold chart. Gold arrived at a key Fibonacci line at about $1268 as the US jobs report was released.
The dollar has stalled against the yen, and that’s also good news for gold.
Gold tends to stage great rallies in the days following the jobs report, and this rally is a particularly interesting one. Here’s why:
First, Trump has ratcheted up his “hawk talk” in regards to North Korea and Iran. He’s scheduled toThursday, October 12, 2017 |
|
 | Frank Shostak |
| Tax Cuts Without Spending Cuts Won't Grow the Economy |
| President Donald Trump proposed last month a tax plan that would lower the top individual tax rate to 35% from 39.6%. It would also lower the corporate income tax rate to 20% from 35%.The plan however, says nothing about how spending will be cut to avoid increasing deficits. According to supply-side economics — a relatively new school of economics — a reduction of tax rates and lower revenues for the government does not need to be offset by decreased government spending or increased borrowings.IWednesday, October 11, 2017 |
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 | Andy Hoffman - Miles Franklin |
| Print till it Dies |
| The US Dollar has had a wonderful run in its life time. Not too many fiat currencies have had the ability to sustain its usage for as long as this mighty experiment has and all who have reported on this instrument of trade are pretty much pointing to the same outcome that it can’t last much longer.
Today, the US Dollar trade sits at 93.55 down 8.6 points in the early morning on this Columbus Day. Not too long ago the dollar broke thru a multiyear downside target of 91.88 which originally happeneWednesday, October 11, 2017 |
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| Bullion Vault |
| Silver + Gold Jump as China Returns from Holidays, N.Korea + Catalonia Tensions 'Support' After Comex Bulls Retreat |
| GOLD and SILVER edged higher against a falling Dollar in Asian and London trade Monday, each gaining half-a-per-cent after traders in world No.1 consumer country China returned from national holidays.
Gold prices at one point touched $1284 per ounce, some 1.9% above Friday's fresh 8-week low, as the US currency retreated against major rivals and world stock markets fell for a second day from last week's fresh all-time record highs.
Wednesday, October 11, 2017 |
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| Rick Ackerman |
| Swinging for the Fences in Comex Gold |
| I am tracking a single-contact position with a cost basis that has been reduced by profit-taking to 1204.80. At a current price of 1293.10, that would imply a theoretical gain so far of nearly $9000. As is my custom, I track positions only when subscribers have reported initiating trades with actual money, based on explicit recommendations I have made, or on precise reversal targets that I’ve calculated using the Hidden Pivot Method. We are swinging for the fences with one contract that remains Wednesday, October 11, 2017 |
|
 | Peter Degraaf |
| Gold And Silver Price Report – Several Interesting Charts |
| The Gold Direction Indicator has just turned positive again, at 71%.
Featured is the daily gold chart. Price found support on Friday and produced an upside reversal. Then on Monday gold began to break out at the downtrendline. A close above the blue arrow will confirm the breakout with a target at $1360. The supporting indicators are positive, as well as the moving averages which are in positive alignment and rising. The Gold Direction Indicator closed at 71%.
Gold usually rallies after the Wednesday, October 11, 2017 |
|
 | Mac Slavo - ShtfPlan |
| NASA Astronauts Respond To Plan To ‘Prove Earth Is Flat’ |
| If you’ve spent any time on the internet in the past few years, you would know that there is a growing movement of human beings who firmly believe that the Earth is flat. One of those humans, rapper B.o.B, made headlines last week when he created a GoFundMe page to finance his project which he believes will prove the Earth is flat, but astronauts have already responded.
When the astronauts caught wind of rapper B.o.B’s plan they responded to his asinine idea brilliantly. B.o.B’s idea was to “senTuesday, October 10, 2017 |
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 | The Energy Report |
| Oil Breaking Out, But the Money Is Elsewhere |
| Tom Beck, founder of Portfolio Wealth Global, discusses the energy sector and highlights one commodity that he says appreciates when oil becomes overpriced.
One resource industry dwarfs the rest of them put together: energy.
The mega-shift of the 21st century is urbanization. For the first time in human history, more people live in cities than in rural areas. The consequences of this pivotal moment are attracting billionaire moguls across the globe, andTuesday, October 10, 2017 |
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 | James Howard Kunstler |
| No Joy in Trumpville |
| I took advantage of the calm before the storm, to pay a visit on Saturday to my hometown, Trumpville, a.k.a. Manhattan. My college buddy had a son who was acting in an off-Broadway play (closing night, so don’t bother asking). The city I knew as a kid — which, frankly, I never liked very much — seemed as lost and far away as Peter Stuyvesant’s quaint Dutch colonial outpost did to me in 1962.
That lost city of my childhood was one in which a boy could breeze right into the Metropolitan Museum ofTuesday, October 10, 2017 |
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 | Hugo Salinas Price - Plata.com |
| The Gold Worm on the Yuan Hook |
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Once again, I turn over in my mind the Chinese plan regarding their imported oil, which consists in convincing their oil suppliers to accept yuan in payment (and thus re-directing their sales outside the orbit of the US dollar) with an additional sweetener in case the oil exporters do not wish to hold assets denominated in yuan: the sweetener consists in offering to exchange the yuan received by the oil exporters, for gold purchased on the world markets – and not out of CTuesday, October 10, 2017 |
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