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Articles related to Money Supply
 
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter 3
This Insight is the fifth in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the third chapter of Section I.View the Entire Research Piece as a PDF here.The Sources of Economic "Inequality"“Why have labor market institutions and social
Wednesday, June 21, 2017
Frank Shostak
  Fractional-Reserve Banking and Money Creation
According to traditional economics textbooks, the current monetary system amplifies initial monetary injections of money. The popular story goes as follows: if the central bank injects $1 billion into the economy, and banks have to hold 10% in reserve against their deposits, this will allow the first bank to lend 90% of this $1 billion. The $900 million in turn will end up with the second bank, which will lend 90% of the $900 million. The $810 million will end up with a third bank, which in turn
Monday, June 19, 2017
Charleston Voice
  Global Times - Hard lessons from China's silver standard 
History will repeat, but this time around America will not be able to coin silver Trade Dollars to conduct trade with Asia. Oops. Oh, where O where did my empire go? Source: Caijing.com.cn  [08:30 July 15 2009] Chinese macroeconomic historian Ray Huang used to say the Qing Dynasty never understood monetary and fiscal policy, and therefore was unable to compete against the West. In those days, monetary policy in China was essentially tied to silver, the national money standard since t
Sunday, June 18, 2017
George F. Smith - Barbarous Relic
Who said it, when and where?
Over the years I've accumulated a long list of quotes about money and banking extracted from online articles and books I've read.Unlike most other sites that post pithy remarks from famous authors, I include hyperlinks to their sources, so that anyone who wishes can not only verifya quote but, perhaps more importantly, read the context in which it was used.
Saturday, June 17, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter 2
This Insight is the fourth in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the second chapter of Section I.View the Entire Research Piece as a PDF here.Cantillion and the Austrian Economic School on Money and Financial Crises“There i
Wednesday, June 14, 2017
Frank Shostak
How Much Money should there be ? 
Most economists believe that a growing economy requires a growing money stock, on grounds that growth gives rise to a greater demand for money which must be accommodated. Failing to do so, it is maintained, will lead to a decline in the prices of goods and services, which in turn will destabilize the economy and lead to an economic recession-or, even worse, depression
Wednesday, June 14, 2017
Frank Shostak
Inflation: It It the Disease or the Symptom?
According to Ludwig von Mises,Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term `inflation' to refer to the phenomenon that is an inevitable consequence of inflation, that is the tendency of all prices and wage rates to rise. The result of this deplorable confusion is that there is no term left to signify the cause
Saturday, June 10, 2017
Charleston voice
The Great German Inflation

Thursday, June 8, 2017
Michael Pento - Delta Global Advisors
Curve Inversion and Chaos to Begin by December 2017
The bounce in Treasury yields witnessed after the election of Donald Trump is now decaying in the D.C. swamp. If the Fed continues to ignore this slow growth and deflationary signal from the bond market and continues along its current rate hiking path, the yield curve will invert by the end of this year and an equity market plunge and a recession is sure to follow. An inverted yield curve, which has correctly predicted the last seven recessions going back to the late 1960's, occurs when short-te
Wednesday, June 7, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter I
Chapter IThis Insight is the third in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the first chapter of Section I.View the entire Research Piece as a PDF here.On the Misunderstanding of Money“[Adam] Smith, far from being the founder
Tuesday, June 6, 2017
James Turk - Goldmoney
  A Short History of the Gold Cartel 
Governments want a low gold price to make national currencies look good. Gold is recognizable the world over as the "canary in the coal mine" when it comes to money. A rising gold price blurts the unpleasant truth that a national currency is being poorly managed and that its purchasing power is being inflated.
Saturday, June 3, 2017
Frank Shostak
Deflation, Easy Money, and the Boom-Bust Cycle
According to the president of the Federal Reserve of St. Louis James Bullard the current level of US prices is noticeably lower than what it would be if the Federal Reserve had delivered on its 2% inflation target, calling the trend “worrisome.” The yearly growth rate of the consumer price index (CPI) eased in April to 2.2% from 2.4% in March. Many economists maintain that a fall in prices generates expectations for a further decline in prices. As a result of this, it is held, consumers postpone
Saturday, June 3, 2017
USA GOLD - USA Gold
The Daily Market Report: Gold and Silver Surge as May Jobs Data Disappoint
USAGOLD/Peter Grant/06-02-17 Both gold and silver surged to new 5-week highs, following disappointing jobs data for May. The yellow metal is suddenly back within $20 of the high for the year at 1295.03. Silver is engaged in a retest of the important 17.47/65 resistance zone. U.S. nonfarm payrolls for May came in at +138k, below expectations of +182k. April payrolls were revised lower to +174k, from +211k previously. And March was revised to just +50k, versus +79k previously. The unemployment rat
Friday, June 2, 2017
Mark O'Byrne - gold.ie
Trust in the Bigger Picture, Trust in Gold
Trump pulls out of Paris Climate Accord Gold pauses ahead of non-farm payrolls data In Gold We Trust 2017 released Reports on the ‘Everything Bubble’ On average gold is up 5.88% ytd, since start of 2017. Trump ‘was the trigger of the sudden reverse thrust of the gold price’ Reorganization of the global monetary order considered a ‘grey swan’ Trump’s announcement late yesterday that the US would be pulling out of the landmark 2015 Paris climate accord saw gold prices retreat. Markets are now awa
Friday, June 2, 2017
Frank Shostak
Changes in the Money Supply Don't Cause Business Cycles
According to the Nobel Laureate in Economics, Milton Friedman, the root of the business cycle is the fluctuations in the growth rate of money supply.Friedman held that what is required for the elimination of these cycles is for central bank policy makers to aim at a fixed rate of growth of money supply:My choice at the moment would be a legislated rule instructing the monetary authority to achieve a specified rate of growth in the stock of money. For this purpose, I would define the stock of mon
Tuesday, May 30, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Introduction to Part I
This Insight is the second in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. In this instalment I introduce Part I of the new book. View the entire Research Piece as a PDF here.Part I: The Monetary Sources of Economic Inequality “On Thursday [Sept 15, 2008] at
Tuesday, May 30, 2017
Steve Saville - Speculative Investor
Why bad economic theories remain popular
Ludwig von Mises and Friedrich Hayek, the most prominent “Austrian” economists of the time, anticipated the 1929 stock market crash and correctly predicted the dire consequences of government attempts to artificially stimulate economic growth in the aftermath of the crash. John Maynard Keynes, on the other hand, was totally blindsided by the stock market crash and the economic disaster of the early 1930s. And yet, Keynes’s theories gained enormous popularity during the 1930s whereas the work of
Friday, May 26, 2017
Mark O'Byrne - gold.ie
  Gold and Silver Bullion Now Treated As Money In Arizona
by Ron Paul Liberty Report staff Undermining the Federal Reserve received a major boost yesterday. Arizona Governor Doug Ducey signed into law a bill that eliminates capital gains taxes on gold and silver, thus allowing Arizona residents to use precious metals as currency instead of Federal Reserve notes. Currency competition against the monopolist Fed is starting to unfold. Let’s hope that other states follow in Arizona’s heroic footsteps. There’s no reason to wait for another severe financial
Wednesday, May 24, 2017
Antal E. Fekete - Gold University
  Hyperinflation or Hyperdeflation? 
The reason why QTM fails is that money is not one-dimensional. It is in fact two-dimensional. Quantity is one, and the velocity of circulation is the other dimension. Central banks control the former, and the market firmly controls the latter. As long as fair weather lasts, velocity may be ignored. But as soon as the weather grows foul, velocity returns with a vengeance. If it increases, we talk about inflation. If it decreases, we talk about deflation. In the extreme
Monday, May 22, 2017
Frank Shostak
How Magical is the Keynesian Multiplier?
For most economists and financial commentators, the heart of economic growth is the increase in the demand for goods and services. The view is that increases or decreases in demand are behind rises and declines in the economy’s production of goods and services. It is also held that the economy’s total output increases by a multiple of the change in expenditure by government, consumers, or businesses.An example will illustrate how an increase in spending raises overall output by a multiple of thi
Sunday, May 21, 2017
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