From Numismaster: London Squeeze Raises Silver Price (by Patrick A. Heller, 9-4-12) When the price of silver topped $30 about 10 days ago, demand on this exchange surged. The best information I have is that at least two purchases were made then, each in the range of 5-10 million ounces of silver. The sellers simply [...]
From KingWorldNews: Below are the last day of the year quotes for gold: 2000 -- $273.60 2001 -- $279.00 2002 -- $348.20 2003 -- $416.10 2004 -- $438.40 2005 -- $518.90 2006 -- $638.00 2007 -- $838.00 2008 -- $889.00 2009 -- $1096.50 2010 -- $1421.40 2011 -- $1566.80
In case you've been living under a rock, this morning (8/19) gold reached a new all-time peak of $1878.00 per troy ounce. Rumblings of backwardation (a kind of market price inversion where a premium is placed on real gold versus paper gold) have come to the gold market. [...]
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And, like everything in Texas, they do it BIG: From Bloomberg: The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board. The decision to turn the fund’s investment into [...]
Those of us who are deep cover gold bugs have been predicting the ultimate collapse of the current paper money regime for quite some time. Why? It's really shockingly simple: humans are humans, and are imperfect and subject to temptation. The temptations of solving income and debt problems by printing money are just too great [...]
In my last post I talked about the problems with economic forecasting, with economists in general, and with the seeming inability of anyone to explain what in the heck is going on. Well, I believe I know what's going on. We are experiencing, and will continue to experience, a deep and prolonged deflation. But this [...]
A favorite trick of the ruling class is to sneak laws that benefit them at the expense of the public into legislation that has nothing to do with the sneaky new law. One such law regulates how citizens can buy and sell gold. It removes restrictions on government power while restricting the freedom of the [...]
Do not ask, ‘Who is destroying the world?' You are. Say whatever you want about Ayn Rand, some of the ideas in her epic tome "Atlas Shrugged" should be required reading in American schools. In our previous post, we introduced the idea of money and the manipulation (destruction) of its value. Without further comment, [...]
This won't sit well with some people: Gold isn't a commodity. There. I've said it. - WSJ's Jeff Opdyke Wall Street Journal is not some goldbug rag. The idea that the U.S. dollar is no longer the envy of the globe is becoming mainstream. Goldbugs, of course, are way ahead of this trend. WSJ's Jeff Opdyke [...]
