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 [...]


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, [...]


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 [...]


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 [...]


As The Euro Tumbles, Spaniards Look To Gold

The unremitting deterioration of the eurozone’s sovereign debt landscape continues to fuel uncertainties about the longevity of the euro as a hard currency. Such uncertainties are not only leading to capital flight from the EMU’s periphery to the core and destabilizing markets worldwide, but they are also beginning to frighten southern European savers into seeking refuge [...]



Silver, wine, art, and gold have been touted as the investment alternatives for wealthy investors, many of whom have been pounded in the financial markets. We have certainly seen this in the art market where the recent sale of Munch’s iconic The Scream went for $120 million at auction. That reportedly went to, of course, financial giant [...]


Book Review: The Golden Revolution

There are many books on the market today about the coming collapse of the global dollar-based monetary system.  Many of them purport to help the reader “profit” from the collapse(!)  Others are filled (just like the blogosphere from which they often come) with dark, conspiratorial whispers, psychologizing of leaders in government and finance, and preposterous [...]


An Olympian Hurdle

Very little has definitively changed during the course of the financial crisis and where there has been evidence of change, very little of it seems to have been positive. Governments appear to believe that a problem of overmuch indebtedness can be resolved by the creation of more debt. Which is why [...]


Making Sense Of 2011

This is the time of year when you are supposed to look back and make sense of what happened during the year and make predictions about the new year. A futile task if there ever was one. 

How can anyone make sense of a world where:

California prohibits the production or sale of beer to which caffeine has [...]


John Paulson’s Funds Take Big Hit

Gold bull John Paulson’s funds aren’t doing so well. This is news:

Mr. Paulson saw his fund dedicated to gold investments lose 16.4% in September, according to investors. That is worse than the 11% fall for gold prices. The Paulson gold fund now sports a gain of just over 1% in 2011, through September, compared with [...]


Roubini Flip: Recommends Gold In Financial Crisis!

I am very careful about stealing stuff from my fellow bloggers, but here is one thing that I can’t pass up, thanks to Bob Wenzel who publishes the excellent blog, Economic Policy Journal, to which I subscribe. He reported that Nouriel Roubini, my favorite playboy economist, actually Tweeted that:

In inflation tail risk virtual gold [...]