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PRECIOUS METALS (US $)
Gold 1294.08-0.58
Silver 19.630.01
Platinum 1404.500.00
Palladium 794.900.90
WORLD MARKETS
DOWJONES 16409-16
NASDAQ 40969
NIKKEI 1451699
ASX 544532
CAC 40 443226
DAX 941092
HUI 220-2
XAU 90-1
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CAN $ 1.5214
US $ 1.3810
GBP (£) 0.8222
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YEN 141.4400
CURRENCIES ($)
AUS $ 1.0724
CAN $ 1.1022
Euro 0.7241
GBP (£) 0.5957
Sw Fr 0.8831
YEN 102.3800
RATIOS & INDEXES
Gold / Silver65.92
Gold / Oil12.37
Dowjones / Gold12.68
COMMODITIES
Copper 3.040.02
WTI Oil 104.590.83
Nat. Gas 4.740.21
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History of Gold and From the Archive
Top rated articles
Antal E. Fekete - Gold University
A Critique of the Quantity Theory of Money
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Monday, April 14, 2014
Clive Maund. - Clive Maund
The 4 Phase Lifecycle of a Stock
Like living organisms and processes in nature, stockmarkets and individual companies and their stocks go through processes of birth, growth, maturity, decline and death or rebirth. This becomes readily apparent when one looks at the long-term charts of stockmarkets and the long-term charts of the stocks of many individual companies. A knowledge of these cycles is of immense value in stock
Thursday, April 03, 2014
History of Gold
April 2, 1792 : The US Coinage Act
The 1792 Coinage Act had an interesting provision under Section 19. SEC. 19. And be it further enacted, That if any of the gold or silver coins which shall be struck or coined at the said mint shall be debased or made worse as to the proportion of fine gold or fine silver therein contained, or shall be of less weight or value than the same ought to be pursuant to the directions of this act, through the default or with the connivance of any of the officers or persons who
Wednesday, April 02, 2014
How they do it - Market Skeptics
the "Great Grain Robbery" of 1972 
The Soviet Union purchased 3 million tons of United States feed grains in November of 1971. This constituted about 25 percent of the United States wheat crop and caused large price increases. It was initially thought that the Soviets were planning to buy only $150 million worth of grain. In July of 1972, however, the United States government signed a three-year agreement with the Soviet Union under which the Soviets agreed to purchase large amounts of grain from the United States. The Soviets made additional grain purchases from grain exporters. The Soviets used $750 million of credit supplied by the United States, plus $500 million of their own hard currency, to purchase corn, wheat, and soybeans. The Soviets bought when prices were still low. Prices exploded when the Soviet grain sales were announced.
Wednesday, March 26, 2014
Mike Hewitt - Dollar Daze
The Fate of Paper Money
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Tuesday, March 18, 2014
The Disastrous History of Money - Bullion Vault
The Greenback - 1860 to 1880 - The United States of America
In spite of a constitutional bar to un-backed paper money which existed at the time Abraham Lincoln was forced, in 1862, to issue the first tranche of what was eventually $450,000,000 of "greenbacks" needed to finance the North's efforts during the civil war. The greenback was a credit note. Unlike America's extant currency it conferred no right of redemption into gold. What it did do was offer a promise that at some unspecified future date the issuer - Lincoln's government - would honour them with
Saturday, March 15, 2014
Confiscation Issue - Charleston Voice
  March 12, 1933 Roosevelt’s Banking Crisis Speech, 1933
By the time of Roosevelt's inauguration, nearly all of the banks in the nation had temporarily closed in response to mass withdrawals by a panicked public. Roosevelt calms the fears of the nation and outlines his plan to restore confidence in the banking system. The "sound assets" now held by the banks that FDR refers to is the gold he made available to them taken from Americans the week before. Astoundingly, he makes the preposterous statement that the currency
Wednesday, March 12, 2014
Confiscation Issue - Goldchat
Australian Gold Confiscation 

Monday, March 10, 2014
Mickey Fulp - Mercenary Geologist
The Prospect Generator Model: A Primer for the Lay Investor
Analysts, newsletter writers, brokers, fund managers, and savvy investors big and small all seem to love the prospect generator business model for junior exploration companies. I am no exception but my love is conditional and I don’t spread it around too much. A prospect generator / joint venture company shares its risk by partnering with other companies that invest their capital and move exploration projects toward development and production.
Saturday, March 08, 2014
Jeff Clark - Casey Research
How safe is your physical Gold ? 
Here’s a quick checklist of the three most common places to store your gold. My friend overlooked one of the basic rules of home storage, so I hope you’ll review where and how you store your precious metals so that you can avoid the same pain and loss he experienced…
Thursday, March 06, 2014
Nathan Lewis - New World Economics
The Bank of England 1720-1844
we have now a bit of updating of something we looked at before: the Bank of England's balance sheet during the 18th and 19th centuries, when it was the premier institution managing a gold standard paper money system in the world. The Bank of England eventually served as the example imitated throughout the world, particularly in the latter 19th century and into the early 20th century. January
Thursday, March 06, 2014
The Disastrous History of Money - Galmarley.com
Sparta - Gold prohibition in a collapsing economy 

Monday, March 03, 2014
David Zurbuchen
The World's Cumulative Gold and Silver Production
This is the first installment of a planned 7-part series: Part 1 - The World's Cumulative Silver and Gold Production. Documenting the total amount of silver and gold produced since recorded history. Part 2 - The Silver Deficit. Documenting the silver production/consumption deficit since 1942. Part 3 - The Real Silver Deficit. Answering the questions of "How much silver has been consumed by industry?" and "In what potentially marketable accessible forms does it remain?" Part 4 -
Thursday, February 27, 2014
Mike Hewitt - Dollar Daze
Money Supply and Purchasing Power
In this paper, we analyze the value of money. We consider both paper money and gold. We attempt to relate the supply of money (MS) and gold to their purchasing power (PP). We demonstrate the extent to which printing of money dilutes its value. As a store of value, the value of money is represented by its purchasing power. We compare the ability of paper money and gold to function as a long-term store of value. We conclude that gold is an excellent store of value, while paper money is not. We observe that excessive printing of paper money is the ultimate cause for the inability of paper money to function appropriately as a store of value.
Thursday, February 27, 2014
Antal E. Fekete - Gold University
Growth And Debt: Is There A Trade Off?
The Obama administration apparently believes in a trade-off between growth and debt. It wants to stimulate fast growth and is willing to pay for it in the form of unprecedented increases in government debt, because it fully expects the growth to rake in tax revenues with which the debt can be retired. It invokes the experience with debt retirement after World War II. When the war ended, government debt stood at 120 percent of the gross national product, twice what it is now. The rapid economic growth during the 1950’s and 1960’s quickly reduced the debt. This is offered as a justification for the $800 billion stimulus package that is being railroaded through Congress, with
Tuesday, February 18, 2014
Antal E. Fekete - Gold University
Uncle Sam crying “Uncle” 
Many of my correspondents think that either hyperinflation or deflation is in store for the dollar; tertium non datur (no third possibility given). I would say tertium datur.
Thursday, February 13, 2014
Mickey Fulp - Mercenary Geologist
Juniors, Metals, and Projects: The Good, The Bad, and The Butt-Ugly : A Primer for the Lay Investor
Gold + silver deposits that are configured for open pit mining, heap leach extraction, carbon-in-pulp recovery, and direct shipping of dore bars to a precious metals refinery: These deposits can be developed in temperate climates
Wednesday, February 12, 2014
George F. Smith - Barbarous Relic
Thomas Paine, Liberty's Hated Torchbearer 
When Thomas Paine's ship pulled into Baltimore harbor on October 30, 1802, a large gathering of friends and admirers were waiting at dockside to welcome him back. Others stood by as well, some filled with loathing, merely to observe a famous figure.
Tuesday, February 11, 2014
Philip Judge - Anglo Far East
The Euro And How It Will Effect Us All

Friday, January 24, 2014
Sean Corrigan - Diapason Commodities
Monetary Aspects of the Gold Price
Among the Anglo-Saxons, there is a school of thought called the "Whig view of history," which sees the course of events as an unrolling tapestry on which is woven a record of a steady, ineluctable progression from barbarity to civilization
Friday, January 24, 2014
Perth Mint Blog
If It Sounds Too Good To Be True…
Following on from Wednesday’s post onGold Scams,Kid Dynamite drew my attention to the story of one-time NBA starDikembeMutombo’s involvement in a “proposed deal to extract more than a thousand pounds of gold from his native Democratic Republic of the Congo, amidst the core of the conflict mineral trade, and sell the haul for more than $10 million.
Thursday, January 23, 2014
Mickey Fulp - Mercenary Geologist
Reserves vs. Resources : a primer for the lay investor 
As a classically-trained economic geologist, I was introduced to the definition of “Ore” and “Ore Deposit” during the first minute of my first course in graduate school at the University of New Mexico.
Tuesday, January 21, 2014
Philip Judge - Anglo Far East
  Short Run Economics
It was the famous British economist John Maynard Keynes who said, "in the long run we are all dead". While now he may well be, his philosophy and economics are alive and well, having
Tuesday, January 14, 2014
Franklin Sanders - The Money Changer
Havenstein's choice 
"The whole extraordinary depreciation of the mark has naturally created a rapidly increasing demand for additional currency, which the Reichsbank has not always been fully able to satisfy. But these enormous sums [printed] are barely adequate to cover the vastly increased demand for the means of payment, which has just recently attained an absolutely fantastic [nominal] level *** "
Tuesday, January 14, 2014
Charleston Voice
  Fort Knox Looted of 7,000 Tons of Gold in 1973-1974 says 1981 Article! 
This imaged article from 1981 and excerpted commentary below it will set the landscape for the scandal that is just now unraveling before the world. To date, we have not been able to uncover any official refutations, disclaimers or denials from the USG or Federal Reserve. for larger view: http://www.knology.net/~bilrum/811215_FtKnoxGold_globe.jpg To read - Enlarge Image Dr. Peter David Beter - Audio Letter No. 70. "AUDIO LETTER(R)" is a registered trademark of Audio Books, Inc., a Texas c
Thursday, April 17, 2014
Michael J. Kosares - USA Gold
King Ibn Saud’s 35,000 British sovereigns – Gold’s historic undervaluation versus oil 
TheWikileaks/Financial Times revelations on significant gold buying interest in the Middle East — notably Iran’s central bank, Jordan’s central bank and Qatar’s sovereign wealth fund — brought to mind the story of KingIbn Saud and his sale of oil concessions to the major oil companies. In payment he received 35,000 British sovereigns — a coin many of you hold in your own sovereign wealth funds.
Friday, April 04, 2014
Jesse - Jesse's Café
  Five Simple rules to remember 
It is amazing what one can find on the Internet. I was looking for a quote about suffering and love, to be able to source it, and I found this bit of foolishness from 2001, an old posting from achatboard, nine days beforeSept 11, 2001. I had recently 'retired' from corporate life, and was just starting to act on some personal plans that were to be changed radically by unexpected events.
Tuesday, April 01, 2014
Nathan Lewis - New World Economics
  The Silver:Gold Ratio, 1687-2011 
We have something special this week: the open market value of silver, compared to gold, over a period of over three centuries. The location is London. For a long time, silver and gold were, in a sense, two versions of the same thing, just like one dollar bills and twenty dollar bills are today. Their ratio of value was not perfectly stable, like the 20:1 ratio of $1 bills and $20 bills, but it was quite stable between about 16:1 and 15:1. Both silver and gold ser
Friday, March 21, 2014
The Disastrous History of Money - Bullion Vault
Why Sweden’s central banker was beheaded [1719 AD] Scandinavian copper money 
This article commemorates the grisly end of Baron George Heinrich de Goertz - a good man who found himself in the central banker's hot-seat at the wrong time. Sweden in the 17th century was not the peaceable country of today. Enjoying the best metalworking and gunmaking technology of the day the Swedes were the military masters of northern
Thursday, March 20, 2014
Frederic Bastiat
Introduction to Economic Sophisms 
My design in this little volume is to refute some of the arguments that are urged against the freedom of trade. I do not propose to engage in a contest with the protectionists; but rather to instill a principle into the minds of those who hesitate because they sincerely doubt. I am not one of those who say that protection is founded on men's interests. I am of the opinion rather that it is founded on errors, or, if you will, upon incomplete truths. Too many people fear liberty to permit us to co
Saturday, March 15, 2014

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