Countdown To The Collapse

On multiple fronts there appears to have been a resumption of hostilities in the global currency wars. A subtle indication of this is the recently released report, Gold, the Renminbi and the Multi-Currency Reserve System, which I believe is highly significant for two reasons: First, it demonstrates that major global actors [...]

EmailPrintFriendlyShare

Impact Of Germany’s Gold Repatriation

Germany has announced that it plans to take home all 374 tons of its gold stored at the Banque de France, and 300 out of 1,500 tons held at the Federal Reserve Bank of New York.

Bill Gross of PIMCO tweeted:

“Report claims Germany moving gold from NY/Paris back to Frankfurt. Central banks don’t trust [...]

EmailPrintFriendlyShare

Markit PMIs Show Changing Global Economic Trends; With Comments On Gold’s Possible Rebound

The first part of today’s post will be brief but will link you to a great deal of information.

Markit has been out today and yesterday with a vast amount of monthly economic updates.  The U.S. data is not out as of now.  Here is a LINK which gets you to the country and regional [...]

EmailPrintFriendlyShare

Gold Getting That Old Shiny Look Again

Nothing really has gone wrong with the fundamental gold story since it reached its current price in the summer of 2011.  This period was, as we remember, one of feigned panic amongst the media that the United States would actually default on its Treasury obligations.  The more fundamental story was that a few domestic and [...]

EmailPrintFriendlyShare

Top Ten Reasons Why Fiat Currency Is Superior To Gold (Or Silver) Money

In the spirit of the holidays and hope for a more prosperous 2013, I thought my readers might appreciate a little humour to partially offset the relentless doom and gloom associated with the Amphora Report. So please, don’t take this edition too seriously. But if you happen to stumble across a ‘paperbug’ or two [...]

EmailPrintFriendlyShare

The Curse Of The Reserve Currency

Is reserve currency status an economic blessing or a curse? The answer might seem obvious, as reserve currencies have been shown to confer lower borrowing costs on their issuers. But what of the borrower who, enticed by low interest rates, borrows more than they can pay back? Naturally the result will be a default. However, [...]

EmailPrintFriendlyShare

The Unadulterated Gold Standard Part I*

*It turns out that we did not publish Part 1 of Keith’s article on “The Unadulterated Gold Standard”. So apologies to readers who read Part II before Part I. Here it is. — JH

 The choice of the word “unadulterated” is not accidental.  There were many different kinds of gold standard, [...]

EmailPrintFriendlyShare

The Unadulterated Gold Standard Part II (History)

In Part I, we looked at the period prior to and during the time of what we now call the Classical Gold Standard.  It should be underscored that it worked pretty darned well.  Under this standard, the United States produced more wealth at a faster pace than any other country before, or since.  There were [...]

EmailPrintFriendlyShare

Open Letter to Hugo Salinas Price

Keith WeinerPresident, Gold Standard Institute USAWeiner (dot) Keith (at) Gmail (dot) Com

Nov 7, 2012

Re: Open Letter to Hugo Salinas Price

Dear Mr. Price:

I read your piece: “On the Use of Gold Coins as Money”.  I think you ask the right question.  This is the elephant in the room.  Why do gold and [...]

EmailPrintFriendlyShare

KeithGram: Gold — Pieces Of 50

As we move forwards towards a gold standard, we will need many new innovations (as well as a rediscovery of old things that have long been forgotten).  At the Gold Symposium in Sydney Australia, I saw an exhibitor who has a new, innovative product.  They have thin sheets (almost like wafers, especially the gold ones). [...]

EmailPrintFriendlyShare

Media Filled With Fearmongers, but Have no Fear, the Fed is Here

This site has featured evidence of economic weakness in the U.S. for some time, basically since last spring.  Now that the Fed agrees so heartily as to add QE on top of Operation Twist, I start looking for buying opportunities in economically-sensitive assets; this being a total reversal of the stance I adopted in May [...]

EmailPrintFriendlyShare