Tag Archives: gold
Another Step Toward the Death of Fiat Currency
China’s banks are now using gold and silver as legal tender. Because the supplies of gold and silver are far much more stable than the supplies of any of the world’s major paper currencies, the logical trend from here on out is pretty much self-explanatory. Source here. Related Posts:Bitcoins are on the way back up.Republican [...]
S&P prefers subprime mortgages to US debt
Standard and Poor’s downgraded the debt of the United States government recently in response to the shenanigans in Washington. The Obama administration immediately decried the downgrade as either stupid or politically motivated. People are all hot and bothered today over the fact that a bundle of sub-prime loans has been given a higher credit ranking [...]
US Gold Confidence Ratio
This is from ZeroHedge.com. It is the debt level of the United States divided by the total value (at market price) of the gold held by the US government. This basic assets to liabilities ratio illustrates the relationship between our assets to the confidence of creditors in the United States. Related Posts:Bitcoins are on the [...]
gold is at 1807
All-new high again. I will report it here every time I see an all-new high. It may be tedious, but I cannot simply say nothing as the dollar tears itself apart and returns to its true value: the cost of the paper its printed on, or slightly less. Related Posts:gold at 1740Now why is gold [...]
Now why is gold at $1652.68 — the highest dollar price in world history?
Gold, at this minute, is at the highest price it has ever sold in the history of the US dollar. How can this be? The House and Senate just passed a bill which, they say, decreases the risk of default. So why don’t the markets calm down. If gold is traditionally a barometer of anxiety [...]
Posted in uncategorized Also tagged conspiracy theorists, gold price, hedging bets, house of reps, mathematical literacy, senate, us dollar 1 Comment
The MIT inflation project and the future of US inflation
According to the MIT Billion Prices Project, and the far less credible US government, annual inflation is approaching 4% in the United States. Although this is what many would call low inflation, consider this: Related Posts:The government is no longer necessary for inflation monitoring.Welcome to Treasury Roulette.The faces of interventionism: Paul Krugman and the ban [...]
Posted in uncategorized Also tagged billion prices project, dollar, inflation, inheritance, interest rates, intergenerational transactions, m i t, money, u s Leave a comment
two thirteens and two forties: a look at US finances
As some of you may know, thirteen days from now is an important date. August 2 is the day when, barring a congressional agreement, the US hits the debt ceiling. At that point we are broke. We are, of course, already broke in that we have taken on an unpayable amount of debt and there [...]
on the gold and silver law of utah
Relevant links: http://www.lewrockwell.com/block/block103.html http://fontwords.com/2011/02/22/church-and-state-two-forces-at-odds http://www.sltrib.com/sltrib/home/51364301-76/silver-gold-legal-tender.html.csp Related Posts:Another Step Toward the Death of Fiat Currencygold at 1423.27Bitcoins are on the way back up.Republican debate, 3: Ron Paul’s use of reasoning vs. Rick Perry’s attempt at physical intimidationgold is at 1807
gold at 1423.27
And silver is past $30.00/ounce. This is just the beginning of the bleeding, however, as silver is highly undervalued. At current gold prices, silver should be at between $80 and $141 dollars to maintain the historical gold-silver ratio. But if gold were at a more normal market price, say $8,000, we’d be looking for silver [...]
Bitcoins are on the way back up.