“After years of selling their stocks of gold, central banks around the world are now buying bullion, according to a new study on the “Seven Ages of Gold.”
Source: Central banks have been buying gold with a vengeance
Archive for the ‘Gold standard’ Category
America Needs a Dose of Strong, but Necessary Medicine
25
Jul
The Fed’s easy money policies always ends in a bust…the sooner the better.
Source: America Needs an Old-Fashioned Depression
Field trip with my colleagues to the Museum of American Finance
19
Jul
I spent this morning with three of my colleagues visiting the American Museum of Finance on Wall Street, down the street from the NYSE, the Trump building and a couple of blocks form the New York Fed. Last week I joined the AMOF and will organize a trip in September for my Financial History of the US course. I urge you to join at www.moaf.org
Below are some pictures I took inside the museum. If you will be visiting NYC, I highly recommend spending some time viewing the exhibits, which show how American finance was instrumental in creating our prosperity.
Bull and bear tug of war
Evolution of paper money
Gold, real money
Statue of Hamilton next to a room housing a collection of his works
Debt is crushing the global economy
17
Jul
“Max Keiser Financial War Reports”
Source: [KR940] Keiser Report: Gold & World’s Debt Problems | Max Keiser
Gold is on a roll because real interest rates are negative
16
Jul
Gold is in the second major bull market since President Nixon severed the last link between the dollar and gold on August 1971. With negative interest rates around the world and real interest rates negative, gold will boom, again.
In the 1980s and 1990s real interest rates were positive and stock markets were booming, hence gold went nowhere. That alla chnged at the turn of the century.
Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard
28
Jun
Greenspan is reverting to his 1966 analysis, Gold and Economic Freedom.
“We’re dealing now in very early days a crisis which has got a way to go. If we went back on the gold standard and we adhered to the actual structure of the gold standard as it exited prior to 1913, we’d be fine. Remember that the period 1870 to 1913 was one of the most aggressive periods economically that we’ve had in the United States, and that was a golden period of the gold standard.”
Source: Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard