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Central Banks Bought Gold in 2014. Did You?

Written by Gary North on February 13, 2015


Gold is a barbarous relic, Keynes famously said. Keynesian economists repeat this . . . until they become central bankers. Then, it’s a different story. Governments added 477.2 metric tons to their reserves [in 2014], the second-biggest increase in 50 years and 17 percent more than a year earlier, the World Gold Council said in […]

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The Middle Class Is Slowly Shrinking

Written by Gary North on February 9, 2015


News from Pew Research. The share of adults who live in middle-income households has eroded over time, from 61% in 1970 to 51% in 2013. Although the share is unchanged in recent years – it was the same in 2010 – the erosion over the last four decades has been sure and steady, through economic […]

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Central Banks to New York FED: “Send Back Our Gold!”

Posted on December 23, 2014


Interview of Fabrice Drouin Ristori, Founder and CEO of Goldbroker.com, by Wolf Richter WOLF: There have been a slew of countries trying to repatriate some of their gold, among them Venezuela, Germany, and the Netherlands. Seems easy enough, but some of these countries have a hard time repatriating their gold. What’s the deal? FABRICE: Gold […]

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Swiss Veto Gold. Gold Soars.

Written by Gary North on December 2, 2014


On Sunday, 78% of Swiss voters vetoed the idea that the Swiss National Bank should buy enough gold to get it to 20% of the monetary base. This outcome had been predicted for weeks. There would be no big purchase of gold. Gold’s price fell. On Monday, gold soared by $44. Reason: “Sell on the […]

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Greenspan on Gold: It Will Rise in Price

Posted on October 29, 2014


By Axel Merk Greenspan participated on a panel at the New Orleans Investment Conference last Saturday. Below I provide a couple of his quotes and expand on what are the potential implications for investors. Greenspan: “The Gold standard is not possible in a welfare state” The U.S. provides more welfare benefits nowadays than a decade […]

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In 2013, Germany Asked for Its Stored Gold. HaHaHaHaHa.

Written by Gary North on June 26, 2014

Gold Vault

In January 2013, the German central bank asked for half of its gold back. It was being stored by the Federal Reserve Bank of New York on behalf of the German government. The Federal Reserve said: “Sure.  In seven years, maybe.” This week, the German government said: “We were only kidding. We don’t want our […]

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Video: Steve Forbes Calls for a Gold Standard.

Written by Gary North on June 21, 2014

Gold Standard 2

This is not a full gold-coin standard. This is a government-guaranteed gold standard: “As good as gold!” It is as reliable as a government promise, e.g., FDR in 1933 and Nixon in 1971. Still, it’s a sign that someone with a good reputation has broken with Milton Friedman and Paul Krugman.

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Mises on the Gold Standard

Posted on June 20, 2014


The gold standard was an international standard. It safeguarded the stability of foreign exchange rates. It was a corollary of free trade and of the international division of labor. Therefore those who favored etatism and radical protectionism disparaged it and advocated its abolition. Their campaign was successful. Even at the height of liberalism governments did […]

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