The movement in the price of gold seems to be heading up again — almost no matter what else is happening. So, let’s look at what might be going on…
February 6th, 2012 | Bill Bonner | 2 comments | ContinuedAll Posts Tagged With: "paper money"
Coins… The Nearest Thing to a Permanent Thing
You can find a coin shop in nearly every town in the United States. The proprietor is unlike any you will find in any other store. He is unusually steeped in history, intensely aware of the larger context of the passing economic and political scene. This is because if it is a good shop, you will find the whole history of modern life on exhibit, and learn more from looking than you find in a multivolume history.
January 14th, 2012 | The Daily Reckoning | 0 comments | Continued
Let’s Talk Money Over a Warm Pint of Beer and Good Spirits
In yesterday’s article on Europe’s fiscal integration we managed to ruffle a few feathers of those (presumably from) the English island. We’ve taken the liberty of reprinting some of their comments. First let’s start with a nice (warm) beer… then let’s talk money.
December 13th, 2011 | Dan Denning | 3 comments | Continued
Is Your Money What You Think It Is?
The paper we use today is a medium of exchange – it got that way because governments made it illegal not to accept it – but it’s not a good store of value.
March 19th, 2010 | Doug Casey | 2 comments | Continued
How Does an Economy Expand When the Banks are Lending Less Money?
We believe the “expansion” reported in the GDP figures is mostly counterfeit. It’s government spending and hot money filtering into the economy.
March 4th, 2010 | Bill Bonner | 0 comments | Continued
The Sovereign Debt Disaster
The problem is not just the current debt levels of these nations, because the deficits in all the countries are rising. Tax revenues are collapsing at the same time…
February 24th, 2010 | Egon von Greyerz | 2 comments | Continued
The Euro is a Symptom of Centralisation
But whether he’s right about Greece or not remains to be seen. Stock markets are meandering through February as if no clear signal about the pending sovereign debt crisis has been issued. Everyone seems to believe – assuming they are thinking at all – that Europe will get its fiscal house in order…
February 23rd, 2010 | Dan Denning | 1 comment | Continued
Gold Not a Perfect Way of Measuring Wealth, Just the Best Way
Gold won’t make you rich. It toils not; neither does it spin. Since it doesn’t hustle, it won’t increase your wealth.
February 22nd, 2010 | Bill Bonner | 79 comments | Continued
Trichet Should Tell Greeks to Drop Dead
Greek finance minister Papaconstantinou promised spending cuts that would reduce the deficit down to the allowable 3% level within 2 years. But could he deliver?
February 15th, 2010 | Bill Bonner | 1 comment | Continued
The Descent of Money
The first modern competition between gold and paper money ended like the pre-modern ones. Gold won. Herewith, a short summary:
February 1st, 2010 | Bill Bonner | 8 comments | Continued
Have Things Turned the Corner for Funding Aussie Mortgage Growth?
It’s probably too early to say. The Australian Office of Financial Management continues to support the market for non-bank lenders. Non-bank lenders have to fund new loans via securtisation. Without the AOFM’s backing, you have to wonder how many first home buyers would have been able to find housing finance.
December 21st, 2009 | Dan Denning | 25 comments | Continued
Michael Pascoe and the Snarky Disinformation About Gold
Speaking of value, let us now return to the question of element number 79 on the periodic table. The snarky article we mentioned at the top is this one from Michael Pascoe at the age, titled “There’s more gold where that came from.”
In the article Pascoe takes on the issue of “peak gold.” But how well has he done in accurately stating the argument for gold?
December 16th, 2009 | Dan Denning | 28 comments | Continued
A Bull Market in Gold and Gold Alone
If you bought gold when we first recommended it, ten years ago, you are in a very comfortable position. Gold sells for more than 4 times as much today. But what should you do now?
November 18th, 2009 | Bill Bonner | 4 comments | Continued
Gold Outlives Paper Money, Empires and Governments
“Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not to stimulate the markets,” he added.
October 22nd, 2009 | Bill Bonner | 1 comment | Continued
Should You Buy Gold Now?
The Trade of the Decade is still buy gold/sell stocks. And the decade isn’t over. If you have US stocks, this is a good time to sell. The Dow went up 63 points yesterday – a weak bounce after several days of losses.
September 7th, 2009 | Bill Bonner | 0 comments | Continued
