Gold is not in a bubble; paper money is collapsing
byFrom Paper Money Collapse, 23 May 2011. The widely-read Lex column in today’s Financial Times ran an article on gold ETFs (exchange-traded funds) that…
Gold
Market Thoughts: Commodities, U.S. Treasuries, Greece
byAccording to the mainstream press, the reason behind the present sell-off in commodities – and in many so-called ‘risk-assets’ (stupid really, all assets are…
Fractional reserve banking and boom-bust cycles
byIn his various writings, the famous Austrian economist Murray Rothbard argued that in a free market economy that operates on a gold standard the…
BBC Newsnight: What do record gold prices tell us about the state of the world economy?
byIn frivolous mood a couple of weeks ago, I wrote the following within a Cobden Centre article: “In the meantime, when the BBC Newsnight…
Another Rubicon crossed
byAs the swarm of centrally-planned fiat currencies continue their relentless and accelerative march towards worthlessness, another major number was taken out this morning when…
Sign of the times? IG Index Event Mapping Campaign
byI got quite a shock, this week, when I was brutally awoken from my usual somnolent ‘Tube-Traveller’ state, by the following billboard advertisement; this…
The Gold Standard and Monetary Freedom
by(This talk was delivered at a debate on whether “America Should Adopt the Gold Standard,” sponsored by the Atlas Economic Research Foundation and the…
The “Barbarous Relic” – It Is Not What You Think
byI am pleased to promote this monograph by James Turk, founder of GoldMoney: I am no fan of Keynesian economics. I find most Keynesian…
Commodity prices then and now
byAs subprime mortgages tanked in May 2007, Ben Bernanke, Chairman of the Federal Reserve, told Congress “At this juncture, however, the impact on the…
Hard Money, Soft Metal
bySoft gold prices without hard-money rates? Not for long, says the world’s 40-year unbacked money so far… JUST HOW MUCH ABUSE can soft money…