Read the Latest News About: Gold Silver Economy Central Banking Read Why Buy Silver? (January 2013) Gold has been real money (medium of exchange and a store of value) for over 3,000 years. It is still real money. Gold has no counter-party risk. It is not someone else’s liability. It has intrinsic value that is recognized around the [...]
Read the Latest News About: Gold Silver Economy Central Banking (January 2013) This is not a prediction of future prices of gold and silver; it is an indication of what could happen in a speculative bubble environment based on the history of previous bubbles. I’ll summarize a simple analysis of past bubbles. Definitions Bubble: A speculative mania in [...]
Read the Latest News About: Gold Silver Economy Central Banking (January 2013) The United States, Greece, France, Japan, and most other countries spend much more than they collect in revenue as calculated on a cash basis without accounting for the much larger unfunded liabilities promised to Social Security, Medicare, and Pension recipients. This means the official national debt [...]
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