The Unadulterated Gold Standard Part IV (Intro to Real Bills)

In Part I (http://keithweiner.posterous.com/unadulterated-gold-standard-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 [...]

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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 [...]

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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 [...]

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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 [...]

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Brief Economic and Market Update

I was so busy yesterday, I didn’t get a chance to report that having put funds into the long Japanese yen trade just two days earlier with FXY, I closed the trade out with the tiniest of profits when the U.S. stock market continued to look unstoppable for the nonce, and the correlation between U.S. [...]

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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 [...]

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The Most Important Thing Stock Market Investors Have to Fear Is the Lack of Fear Itself

Things have come to a pretty pass.  The advance may be growing flat.  I say stocks are risky.  But they say that’s old hat.  Goodness knows what the end will be…  (Apologies to George and Ira Gershwin.)

Before Rupert Murdoch’s organization took over the WSJ and Barron’s, the latter used to be a great source [...]

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Out Of The Frying Pan Into The Frying Pan

“The skill of the sports player is not the result of superior knowledge of the future, but of an ability to employ and execute good strategies for making decisions in a complex and changing world. The same qualities are characteristic of the successful executive. Managers who know the future are more [...]

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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 [...]

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Goons Versus Gold

When, more than 100 years ago, George Gilbert Williams, president of the famously conservative Chemical Bank, was asked for the secret of his success, he replied: “The fear of God.” You can have the fear of God or the socialisation of risk, but you cannot have both at once.

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The Unadulterated Gold Standard Part III (Features)

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 [...]

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