Funzies In The Silver Market

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 [...]

By |2012-09-09T20:31:28-04:00September 9th, 2012|Economy, Featured Categories|0 Comments

Chavez Chucks A Hand Grenade: This One Goes Off

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.               [...]

By |2011-08-19T22:44:21-04:00August 19th, 2011|Uncategorized|0 Comments

Dallas Hedgie Convinces University of Texas Endowment To Buy Physical Gold

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 [...]

By |2011-04-17T21:19:53-04:00April 17th, 2011|Economy|1 Comment

How Real Money Behaves in a Deflation

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 [...]

By |2010-10-02T07:07:49-04:00October 2nd, 2010|Economy|0 Comments

Gold Law Sneaked Into Obamacare

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 [...]

By |2010-09-29T08:57:29-04:00September 29th, 2010|Uncategorized|3 Comments

Francisco’s Money Speech

            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, [...]

By |2010-08-24T07:32:59-04:00August 24th, 2010|Constitution, Economy|0 Comments

WSJ: What if Gold Isn’t a Commodity After All?

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 [...]

By |2010-09-01T08:34:32-04:00August 23rd, 2010|Economy|1 Comment

Featured Video

Go to Top