| |
 | Frederic Bastiat |
| God Protect Us from Metaphors |
| A fallacy sometimes expands, and runs through the whole texture of a long and elaborate theory. More frequently, it shrinks and contracts, assumes the guise of a principle, and lurks in a word or a phrase.
"May God protect us from the devil and from metaphors!" was the exclamation of Paul-Louis.[1] And it is difficult to say which of them has done most mischief in this world of ours. The devil, you will say; for he has put the spirit of plunder into all our hearts. True, but he has left free theThursday, October 17, 2019 |
|
| Frederic Bastiat |
| Raw Materials |
| It is said that the most advantageous of all branches of trade is that which supplies manufactured commodities in exchange for raw materials. For these raw materials are the aliment and support of national labor.
Hence the conclusion is drawn that the best law of customs is that which gives the greatest possible facility to the importation of raw materials, and which throws most obstacles in the way of importing finished goods.
There is no fallacy in political economy more widely disseminated thSaturday, October 12, 2019 |
|
 | Lysander Spooner |
 Gold and Silver as Standards of Value  |
| All the usurpation, and tyranny, and extortion, and robbery, and fraud, that are involved in the monopoly of money are practised, and attempted to be justified, under the pretence of maintaining the standard of value. This pretence is intrinsically a false one throughout. And the whole motive for it is to afford some color of justification for such a monopoly of money as will enable the few holders of gold and silver coins (or of such other money as may be specially licensed and substituted for them) to extort, in exchange for them, more of other men’s property than the coins (or their substitutes) are naturally and truly worth. That such is the fact, it is the purpose of this article to prove.Friday, October 11, 2019 |
|
 | Philip Barton - Gold Standard Institute |
| Stock to Flow Ratio - A Primer |
| The importance of gold's stock to flow ratio is greatly
underestimated. I first came across the concept in 2009 at a lecture by
Professor Antal E. Fekete in Szombathely, Hungary. It fascinated me and
the more I looked at its implications, the more amazed that I became,
not least of which because my search engine couldn't locate a single
piece of writing on the subject anywhere.
The stock to fThursday, October 10, 2019 |
|
 | Antal E. Fekete - Gold University |
| Forward Thinking On Backwardation |
| .Tuesday, October 8, 2019 |
|
| Antal E. Fekete - Gold University |
| The Supply of Oxen at the IMF |
| .Monday, October 7, 2019 |
|
 | Nathan Lewis - New World Economics |
Gold Is 'Money' Because It Is Plentiful, Not Because It Is Scarce  |
| Gold, and its brother silver,
have always been the basis of money, back to the beginnings of “money,”
in the late fourth millennium B.C. Already by 2000 B.C., gold and
silver had been “money” for over a thousand years–the entire history of
“civilization” on this planet. Gold was still the basis of money in the
1960s, in an unbroken line stretching back to the beginnings of history.
One somewhat counterintuitive requirement for “money” is that it does
not have a utilitarian purpose; at least, noWednesday, October 2, 2019 |
|
| Antal E. Fekete - Gold University |
| Recapitalize The Banks With Gold |
| .Sunday, September 22, 2019 |
|
| Antal E. Fekete - Gold University |
| Gotterdammerung |
| Wagner's opera Gotterdämmerung is about the twighlight of pagan gods. The most powerful of the latter-day pagan gods that has been guiding the destinies of humanity for the past two-score of years is Irredeemable Debt. Before August 14, 1971, debts were obligations, and the word "bond" was to mean literally what it said: the opposite of freedom. The privilege of issuing debt had a countervailing responsibility: that of repayment.Wednesday, September 18, 2019 |
|
 | Mark O'Byrne - gold.ie |
| What is the Spot Gold Price |
| What is the Spot Gold Price?
When trading gold bullion, the price is usually governed by the "Spot Gold Price". This is the explicit value at which an ounce of gold is selling for on the "over the counter" market at any given point in time.
Just like shares, the gold spot price changes minute-to-minute, hour-to-hour as supply and demand fluctuate. The gold spot price, also known as the "gold current price" can be affected by other influences, such as economic uncertainty, war or any other factorFriday, September 13, 2019 |
|
| Antal E. Fekete - Gold University |
| Gibson’s Paradox The Gold Price |
| .Friday, September 6, 2019 |
|
| Antal E. Fekete - Gold University |
| The Goldbug, Variations V |
| .Tuesday, September 3, 2019 |
|
 | Dan Popescu - GoldBroker |
| Above-ground Gold Stock - How Much Is There and Why Does it Matter |
| To understand the price of gold, the relevant supply is the total supply, not the new supply coming to market during the last year, week or month. The supply of gold consists of all of the supply that exists, and the relevant demand is the total demand, not the new demand coming to market during any year. For gold, there is always a large stockpile, and it never gets smaller. The vast majority of all the gold mined throughout human history still exists and is held either in bars, coins, or jewelSunday, September 1, 2019 |
|
| Antal E. Fekete - Gold University |
| Our Diseased Monetary Bloodstream |
| .Monday, August 5, 2019 |
|
| Antal E. Fekete - Gold University |
| When Mises Went Wrong |
| .Sunday, August 4, 2019 |
|
 | Charleston Voice |
Commodity Prices in US Dollars 1831-1881, Gold @US$20.67  |
| All prices for all commodities were remarkably stable during this period in which gold was fixed at US$20.67 per ounce by the US Treasury from the time of our country's founding. Gold remained at that price until Congress surrendered its authority to the Federal Reserve in 1913. So, an ounce of gold would have exchanged for 20 silver dollars. This means of commerce would have been accurately termed a "Gold Coin Exchange Standard", and NOT a "gold standard", as the money was in the hands of the pThursday, July 25, 2019 |
|
| Antal E. Fekete - Gold University |
| Has Hedging Killed The Goose - (Final Part) |
| .Thursday, July 18, 2019 |
|
 | Philip Judge - Anglo Far East |
| The Metal of Hope |
| In history gold alone has been the money of Kings. However, throughout most of recorded time there has been a metal far more important to the average man than gold. In the ancient of days it was silver alone that could provide the means for a slave to save and eventually purchase his freedom which is why silver became referred to as the Metal of Hope.Wednesday, July 17, 2019 |
|
| investing in precious metals - The Gold Report |
| Silver Investing Chapter 5 : Alternative Silver Investing |
| If mining stocks did not provide enough leverage, there are still other avenues that offer even more leverage than mining shares. The decision to use leverage in a precious metals purchase is a decision to accept a greater percentage of risk relative to your capital outlay.
TheMonday, July 15, 2019 |
|
| Antal E. Fekete - Gold University |
| Second Front In The Gold World |
| .Saturday, July 6, 2019 |
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