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The major monetary metal in history is silver, not gold.”
Milton Friedman  
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PRECIOUS METALS (US $)
Gold 1294.86-51.22
Silver 19.92-1.27
Platinum 1392.00-16.00
Palladium 675.90-14.20
WORLD MARKETS
DOWJONES 15112-203
NASDAQ 3443-39
NIKKEI 13015-231
ASX 4744-98
CAC 40 3751-89
DAX 8004-193
HUI 246-8
XAU 1030
CURRENCIES (€)
AUS $ 1.4380
CAN $ 1.3687
US $ 1.3196
GBP (£) 0.8546
Sw Fr 1.2328
YEN 129.3270
CURRENCIES ($)
AUS $ 1.0898
CAN $ 1.0375
Euro 0.7578
GBP (£) 0.6476
Sw Fr 0.9337
YEN 97.9870
RATIOS & INDEXES
Gold / Silver65.00
Gold / Oil13.45
Dowjones / Gold11.67
COMMODITIES
Copper 3.09-0.05
WTI Oil 96.25-1.99
Nat. Gas 3.94-0.02
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Robert P. Murphy

Robert Murphy is an adjunct scholar of the Mises Institute, where he teaches at the Mises Academy. He runs the blog Free Advice and is the author of The Politically Incorrect Guide to Capitalism, the Study Guide to "Man, Economy, and State with Power and Market," the "Human Action" Study Guide, The Politically Incorrect Guide to the Great Depression and the New Deal, and his newest book, Lessons for the Young Economist.
Robert P. Murphy ArchiveWebsite
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44 Articles

09/11/2012 Man, Economy, and State at 50
11/23/2011 The Economics of War  (4)
11/10/2011 Understanding the Price of Money  (1)
11/05/2011 Chaos Theory : Law without the State  (4)
11/03/2011 Is Debt Necessary for Recovery?
10/31/2011 Fed Policy and Asset Prices
10/13/2011 Fiat Money and the Euro Crisis
10/10/2011 Inflationists in Wolves' Clothing
09/16/2011 Why Are Gold Prices So High?  (5)
09/13/2011 The Gnome Thought Experiment : "Idle" Resources and the Allege...
09/02/2011 Money : Have Anthropologists Overturned Menger?  (1)
08/30/2011 The Broken-Window Fallacy  (5)
08/25/2011 On the Brink of Inflationary Disaster  (16)
08/18/2011 Is Deleveraging Bad for the Economy?  (2)
08/12/2011 End this Agony
08/11/2011 Putting the Country Back on Gold  (1)
08/09/2011 Why Is the Stock Market Plunging?
08/08/2011 Saved by a Trillion-Dollar Coin?
07/22/2011 The Critical Flaw in Keynes's System
07/19/2011 Saving, Trade, and the Confidence Fairy
07/14/2011 Defaulting on the Fed's Bonds  (4)
06/27/2011 The Case against Raising the Debt Ceiling  (2)
06/23/2011 The Gold Standard: Myths and Lies  (6)
03/14/2011 Ideas Can Overthrow Regimes
02/14/2011 Investors Finally Fear the Inflation Precipice
10/05/2010 The Meaning of Gold in the News
06/23/2010 Money vs. Wealth
02/02/2010 The Fed as Giant Counterfeiter
10/31/2009 The Gold Standard and the Great Depression
09/11/2009 Fiat Money: How Else You Gonna Kill 600,000 Americans?
06/15/2009 Why I Expect Serious Stagflation
04/29/2009 The Nuttiness of Negative Interest Rates
03/31/2009 Austrians Can Explain the Boom and the Bust
03/02/2009 Hey, Economists! Money and Interest Are Different Things
01/06/2009 The SEC Makes Wall Street More Fraudulent
12/16/2008 Evidence that the Fed Caused the Housing Boom
10/01/2008 The Great Bank Robbery of 2008
07/29/2008 ANWR Drilling Would Provide Quick Relief
05/27/2008 The Government's Statistical Whopper of the Year
04/29/2008 Are Recessions Deflationary?
04/15/2008 Did the Fed Cause the Housing Bubble?
10/02/2007 The Worst Recession in 25 years?
05/27/2007 The Giant Gas-Gouging Gaffe
11/30/2006 The Social Function of Futures Markets
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