RSSCategory: Category: Money & Currency

The Fantasy of Something For Nothing

The Fantasy of Something For Nothing

My anti-anxiety pills aren’t working either. I don’t know what to do. I tried to buy gold but anyone who owned it wasn’t selling. They laughed when I offered dollars, euros, and yen. Is your reality based on paper or gold?

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Signs Of Fading Confidence In The Central Banking Premise

Signs Of Fading Confidence In The Central Banking Premise

The US stock market indices are at all-time highs. Is confidence strong in both the US dollar and the stock markets? Or is it confidence that the Federal Reserve, via newly “printed” dollars, will support the market? How much confidence do YOU have in digital Euros versus gold coins in your hand?

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Is It Time to Hide Your Money Under the Mattress?

Is It Time to Hide Your Money Under the Mattress?

“I don’t know what to do,” said my good friend Rob after inviting my wife Jo and me to dinner for the third time in two weeks. “I know I should do something. Every time I think about it, it scares the hell out of me! Maybe I should just hide everything under the mattress.”

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The Fall Of The Dollar Based Monetary System: Russia Puts The Avalanche In Motion

The Fall Of The Dollar Based Monetary System: Russia Puts The Avalanche In Motion

We have detected four different trends by analyzing the events and announcements in the last couple of months. Trend 1: Russia and China are becoming very strong allies. Trend 2: BRICS countries are forming a new block, also monetary. Trend 3: Yuan is gaining trust on a global level, bypassing the dollar.

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Safe Havens Since The Great Financial Crisis

Safe Havens Since The Great Financial Crisis

With the distortion created by central planners it is unlikely that a long term rise in any asset is able to hold. The global currency war will undoubtedly result in cracks in the monetary system and in several currencies in particular. Do not exclude the landscape to change with a political decision; in a matter of seconds the world could look different. In the same respect, the probability of a monetary event shocking the landscape of currencies is very high. In case gold is remonetized with the aim to alleviate the world’s debt burden, a sudden spike in the price of gold could realistically be expected.

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The Dollar Is Increasingly Losing Its Safe Haven Appeal

The Dollar Is Increasingly Losing Its Safe Haven Appeal

The dollar is losing its safe haven status. It’s possible that this reversal of fortune for the greenback is temporary. It may also be the proverbial canary in a coalmine; that you can’t rely on the greenback any longer as the one “safe” place. Indeed, we have long argued that there may not be such a thing anymore as a safe asset and investors may want to take a diversified approach to something as mundane as cash.

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Only A Widespread Understanding Of Money And Credit Will Change Our System

Only A Widespread Understanding Of Money And Credit Will Change Our System

We must understand what money actually is… and why Gold is money. As J. P. Morgan famously stated, ‘Gold is money… everything else is credit’. To put it bluntly, bank notes, Dollar bills, all forms of Fiat currency are IOU’s; that is, credit (debt)… and circulating debt notes cannot extinguish debt, they simply shuffle debt around. Money and debt are polar opposites.

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Is It Imaginable That Governments Would Confiscate Your Bank Account?

Is It Imaginable That Governments Would Confiscate Your Bank Account?

In this video featuring resource investor Rick Rule and sound money specialist Mike Maloney, both men discuss the high probability scenario in which governments will confiscate our bank accounts (or parts of it).

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Gold And Silver Are Money

Gold And Silver Are Money

For every valid reason that so many others are advocating the purchase of physical gold and silver, demand, shortages, Chinese buying, exchange disappearing physical, etc, etc, we echo those sentiments and suggest/advise to keep on buying, but hold it personally. However, for more salient reasons, such as discussed in our last several commentaries, as well as this one, there are far more important reasons to buy and hold gold and silver: They are money.

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Gold And Silver Excellent Store Of Wealth In Last 60 Years

Gold And Silver Excellent Store Of Wealth In Last 60 Years

The delusions regarding the value of paper currency, usefulness of the Fed, government entitlements, the welfare and warfare state, and continual growth are weakening. The ultimate reckoning may be sudden or slow, but it will not be pretty for the unprepared. Gold and silver will remain valuable and a store of value over the next 60 years.

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Gold’s Protection Against Counterparty Risk Is Coming Alive

| March 16, 2014 | Category: Money & Currency
Gold’s Protection Against Counterparty Risk Is Coming Alive

To individuals, what matters is that physical gold is immune to counterparty risk. And this, ladies and gentlemen, we believe is the key take-away from the ongoing economic and financial turmoil. All those dollars, Treasuries, stocks, derivatives, e.a., running a risk to become the object of the new economic warfare, in the context of extreme leverage and excess liquidity, has one and only one antidote: unencumbered ownership of physical gold and silver.

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Russia Touches U.S. Achilles Heel: Petrogold instead of Petrodollar

Russia Touches U.S. Achilles Heel: Petrogold instead of Petrodollar

What seems to be proven once again, is that gold equals strength. The petrodollar system is based on one, and only one, thing: trust. As soon as trust fades, the whole system collapses. That is the unspoken Achilles heel of the US. Unexpectedly, Russia is now in the position to touch this Achilles heel. Is this the trigger that will lead to a collapse of trust in the US dollar, as predicted for a long time by people like Jim Rickards?

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Jim Rickards: Our Monetary System Is Instable and It Will Collapse

Jim Rickards: Our Monetary System Is Instable and It Will Collapse

What matters is the instability of the system. What you need to study is the instability of the system. If you get that right, you will be able to see the collapse coming. The trigger is really irrelevant. A trigger could be the failure of a firm, the failure of an exchange, some kind of panic, a natural disaster, suicide of a prominent person. It really doesn’t matter what it is; what matters is your system is instable and it is going to collapse.

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How This Monetary Experiment Will End

How This Monetary Experiment Will End

Central banks around the world are now printing money virtually out-of-thin air, virtual money, in order to provide the requisite liquidity that severely stressed capital markets require. This money, however, never reaches the economy-at-large. It is instead fueling asset bubbles in global stock markets sparked by the speculative frenzies induced by the bankers’ excess credit.

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