Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
My site, www.GaryNorth.com, has two dozen forums. This was posted yesterday on one of them. “Approximately five weeks ago, I was notified by my bank in Geneva that they would no longer be providing private banking services to clients in the United States and Canada. After looking at the options for the liquidation of a [...]
Continue reading →CNBC ran an article on gold that indicates that gold has hit a floor. The main reason offered is a good one: demand for gold is high in India and China. The Indians are traditional holders of gold. They respond to prices. When they perceive the price as low, they buy. The Chinese are just [...]
Continue reading →You probably know about the gun control bill that was voted into law this month. Gun manufacturers are threatening to move out of the state. The story is here. The state is now about to shut down all coin stores. A bill to require complete record-keeping on all sales, including photos of every coin sold, [...]
Continue reading →The man is rich. He wanted delivery of his gold. The bank refused. It said it was not authorized to give him more than 200,000 euros worth of gold. It said it would deposit euros in his account. The gold was in a segregated account in his name. So sorry. He had been promised delivery [...]
Continue reading →If you bought silver to protect yourself against the inflation that is not happening, you have taken a major loss. Silver at its peak in 2011 was at $48.70. Today, it is at $23.30. Gold at its peak in 2011 was $1,895. Today, it is at $1,387. That is down 27%. Silver bulls never warn [...]
Continue reading →I have believed for months that the U.S. economy is at the edge of a recession. Europe is in recession. Japan probably is. To expect the U.S. to avoid world recession is to expect a miracle. The precious metals are not recession hedges. Commodities in general are not. Commodities fell along with gold and silver. [...]
Continue reading →Silver peaked on April 28, 2011, at $48.70. By September 6, it was down to $42. By September 30, it was at $30 That was a decline of 38%. Gold peaked on September 6, 2011, at $1,895. By September 30, it was at $1,620. That was a decline of 14.5%. Bad, but nothing like 38%. [...]
Continue reading →The European Commission says it should. But it does not have to. The government cannot make the bank sell its gold. So far, the government has not tried. The financial media speculate that Italy, Spain, and Portugal may sell their gold. This is not backed up by even an anonymous leak from inside a central [...]
Continue reading →In a dozen states, there are bills to make gold legal tender. Nothing much will come of this. First, the concept of legal tender is anti-free market. A state should not declare anything as legal tender. It should limit itself to declaring the proper currency for the payment of taxes. Second, most of these bills [...]
Continue reading →Arizona is likely to become the second state after Utah to pass a law specifying that gold and silver coins will be regarded as legal tender inside the borders of the state. Other states have similar legislation pending, but Arizona is the most likely state to see this legislation become law. I don’t think this [...]
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