Are Gold and Silver Money? Former Federal Reserve Chairman Bernanke answers no. And so do America’s youth. Awhile back I posted videos of a podcaster who would offer Americans a one-ounce gold coin worth approximately $1,800 for one piece of chewing gum, only to be refused. The youth, who pay with credit cards, not…
A considered reflection of current events leads to only one conclusion, and that is accelerating inflation of the dollar’s money supply is firmly on the path to destroying the dollar’s purchasing power – completely. This article looks at the theoretical and empirical evidence from previous fiat money collapses in order to impart the knowledge necessary…
Gold and silver are having another banner day to end July. Today will see very important closes for them to end July. In technical analysis closing prices matter. New highs and lows make headlines, but closing prices tell you were people are ultimately willing to be at the end of a particular period of time….
Gold and silver had bang up weeks. Gold closed yesterday afternoon on a cash basis above $1900, at $1901.95 just $18 shy of the all-time high set in September 2011 at $1920. Silver, which has famously lagged behind gold for two years now, finally broke through the post-Brexit vote high of $21.13 (again cash basis)…
From 2000 through 2012, the price of gold increased every year, rising from around $280 an ounce to nearly $1,700. It was an unprecedented run. Then, in 2013, gold took a nose dive, losing over 27% of its value. It was widely reported that the Swiss National Bank, the former bastion of monetary conservatism, lost…
Americans no longer carry gold and silver money in our pockets and purses as our grandparents did. But we still carry the history, legacy, and spirit of those gold and silver coins in our language. “Sound money” embodies a clear message recognized for centuries around the world. It describes the musical, metallic ring of a…
