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Wednesday, March 22 2017

The Natural Order of Money and Why Abstract Currencies Fail

For precious metals, the “blockchain” is nature and natural law. Holding gold in your hands requires no reference to a block of bits or bytes to tell you what you own and requires no future exchangeability to establish its long-run value. It’s weight, its elemental classification, its ability to resist entropy, its cost in energy, are all endowed by nature. It’s utility as a commodity money, jewelry money, or its optional input value as a commodity in the production of goods is what sets the marginal demand through time. To its owner, gold is more valuable at rest than it is in an exchange.

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Friday, March 17 2017

US Interest Rates vs Gold

Click link for chart

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Wednesday, March 15 2017

Idaho House of Representatives Votes Overwhelmingly to Remove Income Taxation from Precious Metals

By an overwhelming 56-13 margin, the Idaho House of Representatives today voted to end all Idaho taxation on precious metals, e.g. gold and silver coins and bars.

Bill sponsor Representative Mike Moyle (R) and the entire Republican caucus voted for the measure. If the Republican-controlled Idaho Senate follows suit and Governor Butch Otter (R) signs the bill, Idaho citizens will better be able to use gold and silver as a form of savings which protects against ongoing devaluation of America’s currency.

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Sunday, March 12 2017

Egon von Greyerz meets with Grant Williams

In this fascinating interview on RealVision TV, Grant Williams and Egon von Greyerz cover a very broad range of subjects from gold, wealth preservation to debt, interest rates, Brexit, the EU and much more.

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Friday, March 10 2017

What Drives the Price of Gold?

Last year, gold had its best first half of the year in decades, all in response to Fear Trade factors such as low to negative global government bonds and geopolitical risks, specifically Brexit and the upcoming U.S. election.

But the Love Trade failed to lift gold in the fourth quarter mainly because Indian Prime Minister Narendra Modi’s demonetization efforts to combat dark money and tax evasion left many low and middle-income Indians without the cash to purchase gold jewelry for weddings and investment purposes.

Investing, like life, is all about managing expectations. But if you don’t know what to look for, this can be difficult to do. That’s why we put together this video to help educate investors like you on what we believe are the top five drivers of gold.

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Thursday, March 9 2017

Sprott makes $3.1-billion US hostile bid for Calgary-based Central Fund of Canada

Toronto-based Sprott Inc. said Wednesday it's making an all-share hostile takeover bid worth $3.1 billion US for rival bullion holder Central Fund of Canada Ltd.

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Arizona Committee Passes Bill to Treat Gold and Silver as Money, Remove Capital Gains Taxes

Under current Arizona law, gold and silver are subject to capital gains tax when exchanged for Federal Reserve notes, or when used in barter transactions. If the purchasing power of the Federal Reserve note has decreased due to inflation, the metals’ nominal dollar value generally rises and that triggers a “gain.” In most cases, of course, the capital gain is purely fictional. But these “gains” are still taxed — thus unfairly punishing people using precious metals as money.

“We ought not to tax money, and that’s a good idea. It makes no sense to tax money,” said Paul. “Paper is not money, it’s a substitute for money and it’s fraud,” Paul continued, noting the importance of honesty money vs federal reserve notes.

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Friday, March 3 2017

Myths of Gold Confiscation

If we experience a debt crisis, as many economists believe is inevitable, many people believe that their holdings of gold and silver bullion will be confiscated, just as in 1933. This article reviews the probability of confiscation and compares it to other more likely measures to generate government solvency.

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Tuesday, February 28 2017

Gold Gets a Shot in the Arm from Inflation and China

The long-term investment case for gold looks just as compelling following bullish reports last week from PricewaterhouseCoopers (PwC) and Morgan Stanley. China and India are the world’s top two consumers of gold, and both countries are expected to make huge economic gains in the next few decades. This is likely to boost gold demand even more, which has a high correlation with discretionary income growth.

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Monday, February 27 2017

FCStone Is Betting on Tech Transforming Physical Gold Market

INTL FCStone Inc. is betting the $170 billion physical gold market will follow the rest of the bullion world in catching up with technology.

The brokerage has started a platform that brings everyone from refiners to jewelers together to trade metal around the world, said Barry Canham, who heads the company’s precious metals division. At the moment, the bulk of deals, which include finding and shipping metal, are conducted by phone.

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Sunday, February 26 2017

Is it Safe to Store Gold in a Safe Deposit Box?

This is why I recommend buying $20 common date gold coins and not modern bullion. You need to be in a position to say these are collector coins – not bullion. Gold is a HEDGE AGAINST government in the midst of a crisis. Gold does NOT rise with inflation. The 1980 high adjusted for inflation is about $2300. So if gold is a HEDGE, it is during a crisis. The risk of being able to get to a safe deposit box in a crisis diminishes greatly.

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Saturday, February 25 2017

President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again

That leaves the third option, to “adopt a modernized international gold standard, as proposed in the 1960s by Rueff and in 1984 by his protégé Lewis E. Lehrman … and then-Rep. Jack Kemp” (whose eponymous foundation I advise). To this one should add, as Forbes.com contributor Nathan Lewis has shrewdly observed, the removal of tax and regulatory barriers to the use of gold as currency.

As I have repeatedly observed Donald Trump shows a strong affinity for gold. He has also shown a keen intuitive grasp of how the gold standard was crucial to having made America great:

Donald Trump: “We used to have a very, very solid country because it was based on a gold standard,” he told WMUR television in New Hampshire in March last year. But he said it would be tough to bring it back because “we don’t have the gold. Other places have the gold.”

Trump’s comment to GQ: "Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We’d have a standard on which to base our money."

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Tuesday, February 21 2017

Gold Looted From Ancient Empire Returned to Romania

Sarmizegetusa, high in the central mountains, was once the capital and sacred center of the Dacians, a civilization crushed by the Roman Emperor Trajan in two bloody wars more than 1,900 years ago. The victory, Roman chroniclers boasted, yielded one of the largest treasures the ancient world had ever known: half a million pounds of gold and a million pounds of silver.

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Monday, February 20 2017

Sanctions and the ‘Gold Ruble’: Russia’s Gambit For Full Financial Sovereignty

Here's where the "gold ruble" comes into play.

For us, the "gold ruble" is just a useful euphemism for a much larger concept: Russia is focusing on giving its currency real value that will be recognized throughout Eurasia (and perhaps the rest of the world).

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Bullion Banking Mechanics

Bullion banks are some of the most influential participants in the global gold market. But who are these players and what do they actually do? And most importantly, how can these bullion banks trade thousands of times more gold each year than is actually in existence?

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Euro to COLLAPSE warns Greenspan amid gold surge

He told Gold Investor magazine: "The European Central Bank (ECB) has greater problems than the Federal Reserve.

"The asset side of the ECB’s balance sheet is larger than ever before, having grown steadily since Mario Draghi said he would do whatever it took to preserve the euro.

"And I have grave concerns about the future of the Euro itself.

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Sunday, February 19 2017

Bring Back the Gold Gilt

The first measure clarifies the legal status of gold as money, and not mere tangible property. There should not be a tax levy on any form of gold. Gains in its price are just the mirror image of central banks debauching their currencies in pursuit of price stability. They are not real gains, and people should not be taxed when they exchange gold and currency.

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States are Moving to Abolish Federal Fiat Currency

Spearheaded by legislative efforts in Utah, Texas, and Oklahoma, a substantial number of states have undertaken efforts to reinstitute gold and silver as money (according to the hyperlink-based sources, 24 have made efforts). Numerous states are increasingly concerned about the nation’s Fed-based fiat monetary system, which debases the dollar, enables protracted, yawning deficit spending and trade deficits, and runs up huge, unpayable debts. With Utah, Texas, and Oklahoma blazing a trail back to constitutional money, states such as Louisiana, Arizona, South Carolina, and Kansas have been inspired to once again make gold and silver legal tender with which to conduct commerce in their jurisdictions.

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Saturday, February 18 2017

11 Stunning Visualizations of Gold Show Its Value and Rarity

Gold is extremely rare, impossible to create out of “thin air”, easily identifiable, malleable, and it does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weight. That’s why it’s been used by people for centuries as a monetary metal, a symbol of wealth, and a store of value. Visualizing Gold’s Value and Rarity

With all that value coming from such a small package, sometimes it is hard to put gold’s immense worth into context.

The following 11 images help to capture this about gold, putting things into better perspective.

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Thursday, February 16 2017

Gold Investor

Significant increases in inflation will ultimately increase the price of gold. Investment in gold now is insurance. It’s not for short-term gain, but for long-term protection.

I view gold as the primary global currency. It is the only currency, along with silver, that does not require a counterparty signature. Gold, however, has always been far more valuable per ounce than silver. No one refuses gold as payment to discharge an obligation. Credit instruments and fiat currency depend on the credit worthiness of a counterparty

Gold, along with silver, is one of the only currencies that has an intrinsic value. It has always been that way. No one questions its value, and it has always been a valuable commodity, first coined in Asia Minor in 600 BC. Allan Greenspan

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