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Swiss Veto Gold. Gold Soars.

Written by Gary North on December 2, 2014

swiss-gold

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

alan-greenspan

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

Mises

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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Crimea Crisis Cools Off, Stocks Begin to Rally

Posted on March 4, 2014

Crimea-Standoff-Cooling

Russia’s ruble rebounded from a record low while stock-index futures in the U.S. and Europe advanced after a report that President Vladimir Putin had ordered troops back to bases after military exercises concluded amid tensions in Ukraine’s Crimea region. Gold fell with oil. The ruble strengthened 0.7 percent against the dollar at 7:23 a.m. in […]

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Pulling the Plug: Taking Delivery of Gold

Written by Gary North on January 28, 2014

bathtub-plug

In 2011, the University of Texas investment committee took delivery of what was then just under $1 billion worth of gold. It had held the gold in the form of gold futures contracts. Kyle Bass persuaded the committee to take delivery. This video is worth viewing. Bass explains why he recommended this decision. The statement […]

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How NOT to Argue for Gold: Great Topic, Pathetic Video

Written by Gary North on January 17, 2014

Gold

Here is a video on why gold will rise in price: digital currencies will fall. The company that released this video sells gold storage. It is for very rich people who already hold gold investments, or else it is for people with no experience with gold investing, who are being asked to buy gold stored […]

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