| |
 | Alasdair Macleod - Finance and Eco. |
| The origin of cycles |
| It was Karl Marx who was among the first believers that cyclical behaviour was endemic to free markets.He lived through a time when there was a regular cycle of boom and bust, with phases of economic expansion followed by contraction. Workers were employed and then unemployed, and the only way this could be stopped, in Marxian economics, was for the workers to acquire the means of production, or more correctly, the state to do so on their behalf.Other economists, such as Jevons and Wicksell, recSunday, January 24, 2021 |
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| Bullion Vault |
| Gold Bullion Gains Extend ETF Growth as Inflation Worries Hit 'Even the Yellen Fed' |
| GOLD BULLION held around $1240 per ounce in London trade Thursday, retaining its 3-month high as commodity markets pushed towards new 18-month records.
With energy costs
already driving up headline inflation rates worldwide, Brent crude oil today rose above $55 per barrel as Nymex natural gas contracts traded 90% above their price of this time last year.
Silver bullion held firm witTuesday, January 12, 2021 |
|
 | Keith Weiner - Monetary Metals |
| What makes gold good money |
| People say that gold is rare this is why it makes good money. To make an analogy to the porridge in Goldilocks, the temperature could not be too cold or too hot. If gold were too common, or too rare, it would not work as money. Think of sand, which is too common, or blue diamonds which are too rare (and diamonds would not work as money anyway.
Rather than focusing on its rarity, let’s look at extracting it. It has generally held true that the cost to mine an ounce of gold was around one ounce ofSaturday, January 9, 2021 |
|
 | Mike Hewitt - Dollar Daze |
 America's Forgotten War Against the Central Banks |
| "Let me issue and control a nation's money supply, and I care not who makes
its laws." (Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty)
Many prominent Americans such as Benjamin Franklin, Thomas Jefferson, and
Andrew Jackson have argued and fought against the central banking polices used
throughout Europe.
A note issued by a central bank, such as the Federal Reserve Note, is bank
currency. These notes are given to the government in exchange for an interest-bearing
gTuesday, January 5, 2021 |
|
 | George F. Smith - Barbarous Relic |
| Fielding my grandson’s questions about gold and banking |
| My grandson had quite a day at school.He had learned that the economy had been suffering from things called Panics, capital P, during the 19th century and had another big one in the early 20th century.He had been told that responsible, public-spirited men like J. P. Morgan had organized a central bank to prevent those Panics.He and other bankers finally got the government to go along with their idea and pass it into law in late 1913.And wouldn’t you know it — we’ve had no more Panics since then.Thursday, December 24, 2020 |
|
 | Frank Shostak |
| Inflation Is Not About Price Increases |
| There is almost complete unanimity among economists and various commentators that inflation is about general increases in the prices of goods and services. From this it is established that anything that contributes to price increases sets in motion inflation.A fall in unemployment or a rise in economic activity is seen as a potential inflationary trigger. Some other triggers, such as rises in commodity prices or workers’ wages, are also regarded as potential threats.If inflation is just a generaMonday, November 16, 2020 |
|
| Frank Shostak |
 Why It's Important to Define Money Correctly |
| Most economists hold that, since the early 1980s, correlations between various definitions of money and national income have broken down. The reason for this breakdown, it is held, is that financial deregulation has made the demand for money unstable. As a result it is held the usefulness of money as a predictor of economic events has significantly diminished.To fix the instability of the demand for money, economists have introduced a gauge of the money supply known as the Divisia monetary indicSunday, November 15, 2020 |
|
| Frank Shostak |
| There Are Two Types of Credit — One of Them Leads to Booms and Busts |
| In the slump of a cycle, businesses that were thriving begin to experience difficulties or go under. They do so not because of firm-specific entrepreneurial errors but rather in tandem with whole sectors of the economy. People who were wealthy yesterday have become poor today. Factories that were busy yesterday are shut down today, and workers are out of jobs.Businessmen themselves are confused as to why. They cannot make sense of why certain business practices that were profitable yesterday areSunday, November 1, 2020 |
|
| Alan Greenspan |
| Gold, by Alan Greenspan |
| Wednesday, August 12, 2020 |
|
| Frank Shostak |
| Is Money Created by Government Decree |
| According to popular view people accept money because of a government decree.1 A government decree it is argued makes a particular thing accepted as a general medium of exchange. But, does it make sense?Demand for a good arises from its perceived benefit. For instance, people demand food because of the nourishment it offers them. It is different with money people demand it not for direct use in consumption but in order to exchange it for other goods and services.Money is not useful in itself, buSaturday, July 4, 2020 |
|
 | Nathan Lewis - New World Economics |
| Blame Gold |
| We have been talking about The Midas Paradox (2015), by Scott Sumner.
July 23, 2017: The Midas Paradox (2015), by Scott Sumner.
As you probably guessed from the three-word title, the book can be summarized in two words, which are: “blame gold.”
This, as we have seen, is actually a relatively new notion, even if it enjoys some popularity today. The general consensus, which later (after 1950) became the Keynesian consensus, did not blame gold, or indeed, monetary policy in general, for the Great DFriday, July 3, 2020 |
|
 | Jeff Clark - Goldsilver |
| Why Own Gold The Top 10 Reasons to Buy Gold Now |
| Is gold a good investment? Why should you own it?It’s natural and even prudent for an investor to wonder if a particular asset is a good investment or not. That’s especially true for gold, since it’s an inert metal and doesn’t earn any interest.But the reasons for owning physical gold go beyond the possibility of its price rising. Gold bullion offers distinct advantages that simply can’t be found in almost any other investment. These advantages give you power as an investor. And yes, one of thesMonday, May 18, 2020 |
|
 | Ronan Manly - Bullion Star |
| New Gold Pool at the BIS Basle, Switzerland: Part 1 |
| “In the Governor’s absence I attended the meeting in Zijlstra’s room in the BIS on the afternoon of Monday, 10th December to continue discussions about a possible gold pool. Emminger, de la Geniere, de Strycker, Leutwiler, Larre and Pohl were present.”
13 December 1979 – Kit McMahon to Gordon Richardson, Bank of England
Introduction
A central bank Gold Pool which many people will be familiar with operated in the gold market between November 1961 and March 1968. That Gold Pool was known as tSaturday, April 18, 2020 |
|
 | Steve Saville - Speculative Investor |
| What should the gold/silver ratio be |
| The price of gold is dominated by investment demand* to such an extent that nothing else matters as far as its price performance is concerned. Investment demand is also the most important driver of silver’s price trend, although in silver’s case industrial demand is also a factor to be reckoned with. In addition, changes in mine supply have some effect on the silver market, because unlike the situation in the gold market the annual supply of newly-mined silver is not trivial relative to the exisSunday, April 5, 2020 |
|
 | John Paul Koning - Bullion Star |
| How California stayed with gold when the rest of the U.S. adopted fiat money |
| We are ten years into the age of bitcoin. But people are still using national currencies like yen, dollars, and pounds to buy things. What does history have to say about switches from one type of monetary system to another? In this post I’ll dig for lessons from California’s successful resistance to a fiat standard that was imposed on it in the 1860s by the rest of the U.Saturday, January 19, 2019 |
|
 | Chris Powell - GATA |
| Chris Powell at New Orleans conference: Gold market manipulation update, November 2018 |
| Since we met at this conference last year much new evidence of manipulation of the gold market by central banks and their bullion bank agents has been compiled and disclosed by the Gold Anti-Trust Action Committee.
For example, a month ago a major bullion bank, the Bank of NoSaturday, November 3, 2018 |
|
 | Gary Savage - Smart Money Tracker |
| Commodity update |
| <span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span>
At the 4:19 spot I should have said a year or LESSWednesday, October 3, 2018 |
|
| Graham Summer - Gains Pains & Capital |
| Democratization of Money vs. Economic Feudalism |
| The Fed is the Market, Until Someone Bigger Comes Along..
UPDATE:This editorial was written 3 days ago in reaction to reading the Zerohedge post As Bitcoin Nears $10,000 "Central Banks Kept Up At Night"
by Vince Lanci
“Free markets for free men”- patch worn on the Nymex floor during Iraqi war.
The reality: We were cheerleaders for Halliburton and naively thought we were on the same team. Money that can’t cross borders freely for its citizenry is not a free market. There was a time before eMonday, August 13, 2018 |
|
| Graham Summer - Gains Pains & Capital |
| A Gift From The Oldies |
| By Chris at www.CapitalistExploits.at
I bumped into a friendly bloke at my local gym last week. Jim is his name.
Jim tells me he just started because, and I quote, "my doctor says I'm going to die unless I do something".
Now, I assure you it doesn't take a doctor to figure this out.
One glance in Jim's direction and you can tell that underneath all that weight there's a big struggling heart in there... just ready to explode. He was surprisingly frank and tells me it's so bad that he can oMonday, August 13, 2018 |
|
| Keith Weiner - Monetary Metals |
| Standing Ready to Lease Gold |
| We will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said:
“…central bankers do not think about gold.
Granted, they once did. In the 1960’s, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to mention that until 1971 the official US policy was to maintain the dollar to gold exchange rate of $35 to the ounce. …
Tuesday, March 20, 2018 |
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