RSSCategory: Category: Money & Currency

Bankrupt Governments Likely To Confiscate Wealth And Independence

Bankrupt Governments Likely To Confiscate Wealth And Independence

Claudio Grass looks at the mess the world is in today and suggests to include a possible crash of the actual system as part of one’s risk assessments. Therefore, an investment into a tangible asset, without having any counterparty-risk, makes absolutely sense. It is impossible to foresee when the system will crash. Inevitable does not necessarily mean imminent. However, “I am convinced that this world will look very different in the coming years and what can be said, too, is that it is not developing in the right direction.”

Continue Reading

Velocity of Money At Decade Low Could Explain Falling Gold Price

Velocity of Money At Decade Low Could Explain Falling Gold Price

The current monetary system, with the US Dollar as the Reserve currency is fatally wounded but what is there realistically to replace it at this point? Answer – nothing! From the standpoint of gold, this helps explain why the metal keeps sinking lower. With the US Dollar not falling apart, the urgency to own the metal is subsiding among Western-based investors.

Continue Reading

IMF Discusses A Super Tax Of 10% On All Savings In Eurozone

IMF Discusses A Super Tax Of 10% On All Savings In Eurozone

One of the latest reports from the IMF discusses a super taxation of 10% on savings in the Eurozone. That would solve the debt problem in most sovereign countries. It would be an alternative of higher taxes or spending cuts.

Continue Reading

What Ron Paul Told Me About the End of Dollar Hegemony

What Ron Paul Told Me About the End of Dollar Hegemony

I believe that once the dollar loses its status as the world’s premier reserve, the US will start to implement the destructive measures we frequently discuss: capital controls, people controls, price controls, currency devaluations, confiscations, nationalizing pensions, etc.

Continue Reading

Do Not Express The Value Of Gold In Monopoly Money

Do Not Express The Value Of Gold In Monopoly Money

Paper currencies seem normal. They seem natural. We are told they are necessary. Paper currencies with no intrinsic value are used everywhere – we pretend they are valuable. If we don’t look closely, or remember the world of 60 years ago, they seem like a good idea. Monopoly money. Euros. Dollars. What is the essential difference? Paper, with no intrinsic value, is accepted only because we have confidence in the issuer of the currency and/or because we have no other choice.

Continue Reading

Jim Rickards: Gold Price Could Double Overnight In US Dollar Crisis

Jim Rickards: Gold Price Could Double Overnight In US Dollar Crisis

In a major US dollar devaluation crisis, which would occur if the US would fail to raise the debt ceiling on Thursday October 17th, there should be a significant impact on the gold price. Jim Rickards wrote about this in his bookin which he envisages a series of ‘black swan’ events that trigger a loss of confidence in the US dollar precipitating a rush to get out of the greenback. In such a scenario, the market would question the Fed’s staying power. A dollar collapse would ensue and gold could double in price overnight.

Continue Reading

Politicians Around The World Are Sure To Sink The US Dollar

Politicians Around The World Are Sure To Sink The US Dollar

Thanks to our politicians in most countries, in my opinion the US dollar will end in a collapse. In addition to all this money being printed, the U.S. Treasury is holding more than $2 trillion in short-term debt that must be refinanced within the next 12 months. And, the only way the government will be able to finance this debt will be to continue to print more money. This will only delay the day of reckoning while debasing the value of this fiat currency.

Continue Reading

Deviation Between Gold And Money Supply Presents Rare Opportunity

Deviation Between Gold And Money Supply Presents Rare Opportunity

Across the globe, fiat currencies are being printed with wild abandonment as debt-addicted governments try to inflate their economies out of the ongoing crisis. In the United States, the Federal Reserve has tried it all, employing numerous asset-purchasing programs that have yet to spur any sort of meaningful recovery in the “real” economy.

Continue Reading

Marc Faber About Fed’s Money Printing: It Benefits A Handful Of People

Marc Faber About Fed’s Money Printing: It Benefits A Handful Of People

Apart from the fact that Mr. Faber did expect a formal confirmation of tapering, he said he was not surprised because “we are in QE unlimited.” He points out that the Fed is run by academics who never worked a single day of their life in a business. They don’t understand that if you print money, it benefits basically a handful of people maybe 3% or 5% of the population.

Continue Reading

Get A Free Copy Of Sound Money Magazine

Get A Free Copy Of Sound Money Magazine

Sound Money Magazine has put together a free issue for all its readers who are interested in attaining information about the price manipulation in the gold market. The free issue is a compiled set of evidences with regard to the intervention by the Government and Central bank in relation to the gold prices.

Continue Reading

The US Debt Ceiling Debate In The Light Of Monetary Fundamentals

The US Debt Ceiling Debate In The Light Of Monetary Fundamentals

First, what are the risks associated with the increasing debt burden? Second, are the governments helping us [ordinary people] in providing protection? In other words, should we act before it is too late or believe that someone will take care of us? Third, how could this debt story end up?

Continue Reading

This Ponzi Scheme of Government Financing Will Not Continue Forever

This Ponzi Scheme of Government Financing Will Not Continue Forever

If something cannot go on forever, it will stop. If Ponzi financing, paper money, budget deficits, and exponentially increasing debt cannot grow forever, they will eventually stop. The collateral damage will not be pleasant. This is why it makes sense to convert some unbacked paper and digital currency into real money – physical gold and silver. Store it someplace safe – outside the banking system and possibly in a country other than where you live.

Continue Reading

Claudio Grass: Monetary Collapse Likely Because Of Too Much Debt

Claudio Grass: Monetary Collapse Likely Because Of Too Much Debt

In this interview with Claudio Grass, our friends at SGTReport talk through several fundamental points related to free markets (Austrian economics), the concept of money and the precious metals markets. Claudio Grass is the Managing Director of Global Gold, a bullion company specialized in storage of physical precious metals outside the banking system in safe jurisdictions like Switzerland. We have chosen four underexposed insights related to gold.

Continue Reading

Marc Faber: Money Trading by Central Banks Is The Issue While Gold Is Safe

Marc Faber: Money Trading by Central Banks Is The Issue While Gold Is Safe

I think the money trading by central banks is the problem and the expected debt growth, credit growth by governments and also on the household sector level and the unfunded liability. So, essentially, one of the solutions to the problem. When you look at gold, well, gold is very safe. It often has a high return in the long run, per se based provided and this is the proviso, the governments don’t take it away.

Continue Reading