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Articles related to Money Supply
Philip Judge - Anglo Far East
A Century Unique In All History 
This last century is unique in all of history, as it tells the story of the first time in all of history, that gold has been completely and officially abandoned as the backing for money. We have said before that maintaining control of the financial systems is the largest single challenge facing the leaders of the world today. This is evidenced in the last two years by the record number of summits and emergency meetings of organizations such as IMF, World Bank, World trade Organization, and the G7. The Plunge Protection Team and Exchange Stabilization Fund have been working overtime, while we have witnessed the setting up and convening of special sub committees of central banks and governmental policy makers, all dedicated to ensuring stability of financial and capitol markets, at all costs.
Tuesday, October 21, 2014
Frank Shostak
Is the Surge in Capital Goods Orders Due to Malinvestment?
Orders for US non-military capital goods excluding aircraft rose by 0.6 percent in August after a 0.2 percent decline in July to stand at $73.2 billion. Observe that after closing at $48 billion in May 2009, capital goods orders have been trending up. Most commentators regard this strengthening as evidence that companies are investing both in the replacement of existing capital goods and in new capital goods in order to expand their growth. Responding to Markets or the Central Ban
Wednesday, October 15, 2014
Jeffrey Lewis
Just Blame the Banks
“I think this is a time where people will look back on us and see it as a period of practically central bank worship.”- Jim GrantCentral bank equals big private-publicly owned banks. The populace still holds a collective deference for the banks. The view that the political financial alliance is the problem is still a rare one. Always one step from conspiracy."It is well enough that people or the nation do not understand our banking and monetary system for it they did, I believe that there would
Tuesday, October 14, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Market turbulence
This week has seen highly volatile equities (mostly down), bond yields sharply lower, the oil price hard down, and gold side-lined but recovering after a miserable month or two. On the news front, the S&P rating agency reminded us that Greece is likely to default, Germany released some horrible industrial production numbers, and the Federal Open Market Committee unexpectedly released dovish minutes. So what's it all about? This week more than any other it became clear that the global economy is
Tuesday, October 14, 2014
Przemyslaw Radomski CFA - SunshineProfits
Gold and Federal Funds Rate
Many investors believe that the federal funds rate is adversely related to the gold price. Interest rate cuts are perceived as a sign of cheap money policy – a bullish signal in the gold market. Similarly, the rise of the federal funds rate is considered as detrimental for gold prices. Recent events are the best example. The last drop in the gold price was contributed to by expectations of faster hikes of the federal funds rate. Although this relationship may often hold, investors should be skep
Monday, October 13, 2014
Rick Ackerman
Inflation, Deflation, and Our Very Confident Bet in T-Bonds
I’ve been touting the ongoing bull market in T-Bonds as one of the best investment opportunities of our lifetime – a no-brainer, as far, as I can recommend.  About the only way this bet can lose is if inflation returns with a vengeance. This has never been much of a worry for me, since, on the inspiration of C.V. Myers’ prescient 1976 book, I’ve been writing about the threat of deflation for more than 20 years.  As Myers noted, every penny of very debt must eventually be paid – if not by the bor
Monday, October 13, 2014
Steve Saville - Speculative Investor
Why the US$ is rallying
As long as a market is in a strong rising trend almost any bullish argument could appear to have a ring of truth about it, even a completely baseless one. A case in point is the deluge of baseless, bullish-slanted US$ analyses prompted by the strong rise of the past few months in the Dollar Index.Many of the fundamental reasons put forward for the US dollar's strength could seem valid at first glance simply because they match the price action, but many of these reasons are irrelevant or wrong. F
Monday, October 13, 2014
Mark O'Byrne -
Silver “Particularly Cheap” as “Blood On The Commodity Streets”
With few exceptions, commodity prices have fallen sharply in recent months, to their lowest levels in over a year.  Silver in U.S. Dollars,  5 Years (Thomson Reuters) Relative to stock market indices, broad commodity indices are now at their lowest levels since the late-1990s dot com boom.  But key commodity price ratios, such as those between precious and industrial metals, are already at levels associated with financial crises such as that of 2008. In other words, there is already ‘blood on t
Tuesday, October 07, 2014
Gary Tanashian - Biwii
US Dollar is Extreme
By Gary TanashianUsing Tom McCellan’s article discussing a “blow off” move in the US dollar and its very bearish net short position by commercial traders as a starting point, I would like to talk about the USD and gold and how they each fit in to the global macro backdrop.  We could add silver into the mix as well because its failure in relation to gold (ref. the gold-silver ratio’s breakout last week) is the other horseman (joining Uncle Buck) that would indicate a changing macro.  Here’s the M
Monday, October 06, 2014
Michael Pento - Delta Global Advisors
Dollar's Ride is About to End 
Under the stewardship of Shinzo Abe, the nation of Japan has become a global leader in debt, currency devaluation and inflation. Unfortunately for the Japanese, Abenomics is also leading Japan into a hyperinflationary depression, as the first of his three arrows has shot right through the yen and put a gaping hole in the wallets of every Japanese citizen. The Bank of Japan (BOJ) has placed all its chips on the bet that inflation will cure all the nation's economic problems. Making defl
Monday, October 06, 2014
Gordon Long - Market Analytics
Douglas French of Casey Research on Financial Repression
He received his master's degree in economics from the University of Nevada, Las Vegas, under Murray Rothbard with Professor Hans-Hermann Hoppe serving on his thesis committee. He is the former president of the Mises Institute. He is the author of Early Speculative Bubbles & Increases in the Money Supply and Walk Away: The Rise and Fall of the Home-Ownership Myth. Douglas E. French teaches at Troy University and writes for Casey Research. This is a 28 minute video discussion between D
Saturday, October 04, 2014
Mac Slavo - ShtfPlan
Video: The Death Of King Dollar: “This Could Happen As Soon As 2018?
Despite continued assurances about America’s economic strength and global influence, scores of nations around the world are rapidly divesting themselves from their dependency on the world’s reserve currency as a mechanism of exchange. The key players, Russia and China, are actively developing entirely new systems of trade with numerous partners that include countries from the middle east, Asia and South America. These major strategic moves, trade agreements and partnerships are being marginalize
Thursday, October 02, 2014
Mish - Global Economic Analysis
Reader Question on a Credit-Based Society: Can Interest Ever Be Repaid?
Reader Mike wonders how interest can ever be repaid in a credit-based economy. Hi Mish, I wonder if you would be able to comment on this from Bill Gross in For Wonks Only: "A credit-based financial economy (as opposed to pure cash) depends on an ever-expanding outstanding level of credit for its survival. Without additional credit, interest on previously issued liabilities cannot be paid absent the sale of existing assets, which in turn would lead to a vicious cycle of debt deflation, reces
Wednesday, October 01, 2014
Alasdair Macleod - Finance and Eco.
The fiat money quantity (FMQ) 
Summary : This paper seeks to establish a measure of currency quantity that helps economists identify and estimate the risk that confidence in fiat currencies might be significantly eroded or even vanish altogether. It is this phenomenon that was referred to in the great European currency inflations of the 1920s as Katastrophenhausse, or a crack-up boom, when ordinary people lose all confidence in a fiat currency, disposing of it as rapidly as possible instead preferring ownership of goods.This is
Tuesday, September 30, 2014
Michael Pento - Delta Global Advisors
Yo - This Market is Set For a Major Correction 
Wall Street came to a halt recently, as Chinese e-commerce giant Alibaba made its Initial Public Offering debut. The media became myopically focused over this so-called "historic event" and by its celebrity founder Jack Ma. By the time the closing bell had rung, the hype and fanfare propelled Alibaba up 36 percent on its first day of trading and caused the world's largest IPO to display a market cap worth $231 billion. The investing public seems to have forgotten the dangers associat
Monday, September 29, 2014
Chris Powell - GATA
For one New Jersey candidate, the issue is gold NEW BRUNSWICK, New Jersey -- Republican Jeff Bell spent three decades in Washington working on policy and wrote a book promoting all aspects of social conservatism. But so far his campaign for the U.S. Senate has centered on just one issue: returning the United States to the gold standard. It's an idea that his opponent, Democratic incumbent Cory Booker, dismisses as "defunct and debunked," which is pretty much how most
Sunday, September 28, 2014
Alasdair Macleod - Finance and Eco.
Market Report: $1200 for gold underpinned by physical demand 
This week saw gold rally $15 to $1233 on Tuesday before sliding to $1207 yesterday morning, then rallying in the afternoon. Silver's moves tracked gold's, bottoming out at $17.30 yesterday at the London opening. This morning precious metals are firmer in pre-LBMA trade, reflecting some short-covering ahead of the weekend. The action, as has often been the case recently, is in paper markets with hedge funds shorting gold and silver against a strong dollar. This can be readily seen in the followin
Saturday, September 27, 2014
Alasdair Macleod - Finance and Eco.
Valuing gold and turkey-farming.
Today's financial markets are built on the sand of unsound currencies. Consequently brokers, banks and investors are wedded to monetary inflation and have lost both the desire and ability to understand gold and properly value it. Furthermore governments and central banks in welfare-driven states see markets themselves as the biggest threat to their successful management of the economy, a threat that needs to be tamed. This is the backdrop to the outlook for the price of gold today and of the for
Friday, September 26, 2014
Keith Weiner - Monetary Metals
A Monetary Cancer Metastasizes in Europe 
The European Central Bank again cut the interest rates it controls. Notably, the deposit rate was moved deeper into negative territory. It is now -0.2% (minus 20 basis points, that is not a typo). The ECB says it’s trying to nudge prices higher, but it’s actually feeding the cancer of falling interest. The linked article above, like most, is focused on the quantity of euros and the presumed direct relationship to price. The following bit of editorializing from that article is uncontroversial in
Thursday, September 25, 2014
Frank Shostak
Time Preference and Long-Term US Interest Rates 
After closing at 3.03 percent in December 2013, the yield on the 10-year US T-Note has been trending down, closing at 2.34 percent by August this year. Many commentators are puzzled by this, given the optimistic forecasts for economic activity by Fed policy makers. According to mainstream thinking, the central bank is the key factor in determining interest rates. By setting short-term interest rates, the central bank, it is argued, through expectations about the future course of its interest r
Wednesday, September 24, 2014