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 | Frank Shostak |
| Why We Now Measure Gold in Dollars — and Not the Other Way Around |
| Prior to 1933, the name "dollar" was used to refer to a unit of gold that had a weight of 23.22 grains. Since there are 480 grains in one ounce, this means that the name dollar also stood for 0.048 ounce of gold. This in turn, means that one ounce of gold referred to $20.67.Observe that $20.67 is not the price of one ounce of gold in terms of dollars as popular thinking has it, for there is no such entity as a dollar. Dollar is just a name for 0.048 ounce of gold. On this Rothbard wrote,No one pWednesday, February 10, 2021 |
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 | Nathan Lewis - New World Economics |
Why Base Your Money On Gold A Simple Answer For First-Timers  |
| The United States embraced the principle of a gold standard – a dollar whose value was linked to a defined quantity of gold – from 1789 to 1971, a stretch of 182 years. During this time, the U.S. was the most successful of any major country, expanding from thirteen war-ravaged states along the AtlanticSunday, November 15, 2020 |
|
 | 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.Wednesday, October 21, 2020 |
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 | 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 isThursday, September 17, 2020 |
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| Gold university - Antal E. Fekete |
| The Gold Demonetization Hoax |
| Saturday, September 5, 2020 |
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| 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 |
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| Gold - Antal E. Fekete |
| The Gold Demonetization Hoax |
| Thursday, July 2, 2020 |
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| Nathan Lewis - New World Economics |
| Devaluations of the 1930s Don't Justify Today's Funny Money Excess |
| Without question, the Great Depression was a time when the political
consensus moved from a Classical “hard money” approach towards a
Mercantilist “soft money” approach — leading, ultimately, to today’s
“print until the pain goes away” reaction. Actually, this trend had
started in the later 19th century, and was not fully expressed until
the 1970s – an evolution stretching over a hundred years or more.
But, the experience of the Great Depression period of the 1930s
stMonday, June 22, 2020 |
|
 | 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 tWednesday, June 10, 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 |
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| Nathan Lewis - New World Economics |
| The Bank of England, 1844-1913 2: The Banking Department |
| We are continuing our look at the Bank of England during the period
1844-1913. In 1844, the Bank fell under a new regulation and
reorganization, in which it was separated into two entities, the
Issue Department and the Banking Department. The Issue Department
was solely responsible for paper banknotes, and operated a system
very similar to the "Making Change" or currency-board type system we
looked at earlier.
April
14, 2013: The Bank of England, 1844-1Tuesday, May 5, 2020 |
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| Confiscation Issue - Goldchat |
| Australian Gold Confiscation |
| Monday, April 6, 2020 |
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| Bullion Vault |
| Gold Prices Fall vs Sterling, Moscow Equities Drop as UK-Russia Tensions Worsen |
| GOLD PRICES spiked to a 1-week high before retreating against a volatile US Dollar in London trade Wednesday as Russia promised retailiation over the UK expelling 23 diplomats as "undeclared intelligence officers" following the poisoning of a former spy with toxic nerve agent.
The UK also said it is
tightening checks on Russian state-owned assets in Britian, and the Royal family will not attend this summer's football World Cup, but Thursday, March 15, 2018 |
|
| Nathan Lewis - New World Economics |
| Where’s The Magic Formula |
| (This item originally appeared at Forbes.com on March 3, 2018.)
https://www.forbes.com/sites/nathanlewis/2018/03/02/wheres-the-magic-formula/#3a4e6da97a01
For some time, I’ve argued that a lot of economic policymaking boils down to the Magic Formula, which is: Low Taxes and Stable Money. There is more to it than this, of course; but if you don’t get the big stuff right, the little stuff won’t matter. So, get the big stuff right, first.
Conversely, when a country runs into trouble, you can usualSaturday, March 3, 2018 |
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 | Mark O'Byrne - gold.ie |
| Digital Gold Provide the Benefits Of Physical Gold |
| – Will digital gold provide the benefits of physical gold?– Digital gold and crypto gold products claim to combine efficiencies of blockchain with value of gold– They are yet to provide the same benefits or safety as owning physical gold– National mints jumping in on the ‘sexy blockchain’ act – BOE declares bitcoin ‘not a currency;’ Royal Mint launches blockchain gold product– Digital gold, blockchain gold and crypto gold is frequently not fully backed, unallocated, pooled and unsecured gold hoMonday, February 26, 2018 |
|
 | Michael Ballanger |
| Stock Market Volatility Attributed to 'Shenanigans' |
| Back in January, I discussed the likelihood that global equity markets were approaching simultaneous tipping points beyond which legions upon legions of GenX-ers and Millennials would be thrown to the wolves by failing to recognize the financial mania engulfing them. I alluded to it being "Time for the Beast to Exhale," and within a few days, my volatility trade (UVXY) exploded to the upside as the "beast," better known as the global stock market ascent, finally exhaled and fell 3,300 Dow JonesFriday, February 23, 2018 |
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| Mark O'Byrne - gold.ie |
| Bitcoin or British Pound ‘Pretty Much Failed’ As Currency |
| – Bitcoin has ‘pretty much failed’ as a currency says Bank of England Carney– Bitcoin is neither a store of value nor a useful way to buy things – BOE’s Carney– Project fear against crypto-currencies or an out of control investing bubble?– Bitcoin will likely recover in value but is speculative and not for widows and orphans– British pound has been a terrible store of value – unlike gold– Pound collapsed 30% in 2016 and down 11.5% per annum versus gold in last 15 years– Fiat currency experiment Wednesday, February 21, 2018 |
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| Bullion Vault |
| Gold Prices Find 'Support', Silver 'Improving' as 40 of GLD Held by Institutional Investors |
| GOLD PRICES rallied from a brief dip below $1340 per ounce in London trade on Tuesday, rising against a firm US Dollar as New York traders returned from the long Presidents Day weekend.
With China's markets still closed for the New Year of the Dog celebrations, Asian stock markets closed lower while European equities edged higher.
Benchmark
UK Gilt yields rose above 1.60%, up near tTuesday, February 20, 2018 |
|
| Alasdair Macleod - Finance and Eco. |
| When will the next credit crisis occur |
| The timing of any credit crisis is set by the rate at which the credit cycle progresses. People don’t think in terms of the credit cycle, wrongly believing it is a business cycle. The distinction is important, because a business cycle by its name suggests it emanates from business. In other words, the cycle of growth and recessions is due to instability in the private sector and this is generally believed by state planners and central bankers.This is untrue, because cycles of business activity hSunday, February 11, 2018 |
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| Bullion Vault |
| Gold Prices Hit Multi-Week Lows as UK 'Hints' at Rate Rise, US Risks Syria Stand-Off with Turkey |
| GOLD PRICES bounced $10 per ounce from new 5-week lows against a rising US Dollar in London on Thursday, rallying to $1316 as Western stock markets also fell hard once again.
Commodities held flat, but major government bond prices dropped, driving longer-term interest rates higher.
Benchmark UK Gilt yields neared the highest since March 2016 – back before the shock Brexit referendum result on quThursday, February 8, 2018 |
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