Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
A free daily subscription service from Ron Paul's original staff economist.
Sometimes, Americans get the silly idea that the words “legal tender” on American coins mean legal tender. Then they try this stunt. They pay workers in silver coins at face value. This reduces the workers’ income tax bracket. The employer who tries this is risking a prison sentence. Variations of this story have been published [...]
Continue reading →Ben Bernanke, Dr. Fiat Money, attacked the gold standard in a speech. He was speaking at George Washington University, which 35 years ago granted Mark Skousen his Ph.D. in economics. Skousen wrote his dissertation defending the gold standard. It was published in 1988, Economics of a Pure Gold Standard. It is clear that Dr. Bernanke [...]
Continue reading →Most of the nations’ official gold reserves are stored at the Federal Reserve Bank of New York, a private company. How did this happen? Because the FED got control of it after World War II and has decided that it is the safe custodian. Other central banks could demand delivery — and should — but [...]
Continue reading →John Embry, a specialist in the gold market, commented on he sharp decline in gold and silver this week. You are seeing gold take out some short-term technical support levels. I guess the next one of significance is at $1,650. If gold were to take $1,650 out, that would get more of the hedge funds [...]
Continue reading →Peter Schiff of Euro Pacific gets a lot of publicity as America’s leading proponent of gold. One of his relatives is on his staff. The relative just got national publicity. Andrew Schiff was sitting in a traffic jam in California this month after giving a speech at an investment conference about gold. He turned off [...]
Continue reading →King World News interviewed multi-billionaire Hugo Salinas Price. He believes that central banks coordinated the fall in gold on February 29. He thinks the decline was a temporary event. “I definitely think the central banks were behind it. I look at the graph of the gold price yesterday and when it collapses down $100 in [...]
Continue reading →So, your loud-mouth brother-in-law says gold is a bubble, and that what you should buy now is a no-load mutual fund of the S&P 500. The S&P 500 is lower today than it was in March 2000, and the dollar purchases 30% less. But that doesn’t convince him. Gold was at $270 in 2000. He [...]
Continue reading →Gold is approaching $1,800. In late December, you could have bought it for under $1,550. A year ago, you could have bought it for $1,320. Is it going lower? Legendary commodities investor Jim Rogers has this to say. Throughout history when you have people printing money and debasing currency, the way to protect yourself and [...]
Continue reading →Gold rose in response to the second Greek bailout. It is clear that the European Central Bank will inflate. This will increase demand for gold, investors think. A one-time move is not significant with respect to gold’s price. The upward demand is coming from new buyers, increasing;y in East Asia. As they get richer, they [...]
Continue reading →Gegor McDonald is an authority on peak oil. Here, he is interviewed by GoldMoney, the gold bullion storage firm located in Great Britain, but run by an American, James Turk. * * * * * * * * * * * * *Why do you think so many people are reluctant to accept the concept [...]
Continue reading →