Chart usGOLD   Chart usSILVER  
 
Food for thought
We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
Alan Greenspan  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1287.13-4.44
Silver 19.42-0.05
Platinum 1417.90-4.10
Palladium 862.30-2.45
WORLD MARKETS
DOWJONES 1697969
NASDAQ 4526-1
NIKKEI 1555197
ASX 562911
CAC 40 4241-14
DAX 9315-20
HUI 2440
XAU 1020
CURRENCIES (€)
AUS $ 1.4316
CAN $ 1.4548
US $ 1.3246
GBP (£) 0.7994
Sw Fr 1.2111
YEN 137.5720
CURRENCIES ($)
AUS $ 1.0809
CAN $ 1.0982
Euro 0.7550
GBP (£) 0.6036
Sw Fr 0.9143
YEN 103.8560
RATIOS & INDEXES
Gold / Silver66.28
Gold / Oil13.79
Dowjones / Gold13.19
COMMODITIES
Copper 3.17-0.01
WTI Oil 93.32-0.13
Nat. Gas 3.890.03
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Deficits Without Tears
Published : November 21st, 2012
151 words - Reading time : less than a minute
( 1 vote, 4/5 ) Print article
 
    Comments    
Tweet

 

 

 

 

 

Every so often, I come across an article – in and of itself – deemed “RANTworthy.” Below is one such piece; by none other than publishing magnate Steve Forbes, whom for years has been a vocal proponent of the gold standard…

 

Gold and the Wicked Magicians

 

In it, he demonstrates why past societies have thrived under the gold standard – and floundered without it. In essence, government hates REAL MONEY due to constraints it imposes on spending; and thus, power.

 

Without such constraint, Central banks can for some time perform what is temporarily deemed “financial alchemy”; and consequently, create the illusion of “DEFICITS WITHOUT TEARS.” Of course, the operative word is temporary; as the ultimate monetary result is ALWAYS the same; i.e., FEAR…

 


 

…and HYPERINFLATION…

 


 

I could pen all sorts of background commentary on the topic, but sometimes an article says it all – single-handedly.

 

PROTECT YOURSELF, and do it NOW!

 

 

 

 

Tweet
Rate :Average note :4 (1 vote)View Top rated
Previous article by
Andy Hoffman
All articles by
Andy Hoffman
Next article by
Andy Hoffman
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Andy Hoffman

Andrew Hoffman was a buy-side and sell-side analyst in the United States (including six years as an II-ranked oilfield service analyst at Salomon Smith Barney), but since 2002 his focus has been entirely in the metals markets, principally gold and silver. He recently worked as a consultant to junior mining companies, head of Corporate Development, and VP of Investor Relations for different mining ventures, and is now the Director of Marketing for Miles Franklin, a U.S.-based bullion dealer.
Andy Hoffman ArchiveWebsite
Most recent articles by Andy Hoffman
8/20/2014
8/19/2014
8/19/2014
8/18/2014
8/15/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer