Tag: gold is money

The Difference Between Gold and Bitcoins? Intrinsic Value!

The Difference Between Gold and Bitcoins? Intrinsic Value!

In his latest video appearance, Peter Schiff explains in detail the difference between gold and bitcoins. His main point: gold is real money because it has an intrinsic value! People want gold for itself. Yes it can also be used to exchange but it has a value unique to itself. It has its own properties that are desirable; there is nothing you can do with a bitcoin except give it to somebody else.

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This Is The Biggest Debt Bubble In History

This Is The Biggest Debt Bubble In History

Excessive monetary stimulus and low interest rates create financial bubbles. This is the biggest debt bubble in history. It is a potent deflationary force and central banks are forced into deploying increasingly aggressive offsetting inflationary forces.

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Gold Bull or Bear? Think of Gold As An Insurance Policy.

Gold Bull or Bear? Think of Gold As An Insurance Policy.

During a recent webinar by TheStreet.com a gold expert panel discussed the question if gold is still in a bull market. The outcome of the discussion was that gold being in a bull or bear market is somehow irrelevant. The gold price does matter, of course; owners of physical gold have a hard time stomaching the recent price decline. But the key point is that gold is a currency. So owners of PHYSICAL gold are holding the metal as an insurance policy against a currency crisis. Obviously that is not the trader’s perspective.

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Gold Becoming More Precious While Regaining Its Monetary Value

Gold Becoming More Precious While Regaining Its Monetary Value

Today not one country has a currency tied to gold. However, as the fiat currencies get devalued to deal with the sovereign debt crisis gold demand will soar. The problem and opportunity we see is that the supply is already maxed out. So if a wave of demand comes we could see the gold price move rapidly on supply and demand fundamentals. Inflation will simply be the icing on the cake.

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Gold – You Better Hold It

Gold – You Better Hold It

It seems very likely that physical gold is moving from weak to strong hands which is the people who recognize the monetary value of gold and chose to physically own it. They prefer to hold their metal which they consider more important than price swings. On the other hand, the investment community is not at the point yet where they chose for the metal for its monetary protection.

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Arizona Governor Vetoes The Gold & Silver Legal Tender Bill

Arizona Governor Vetoes The Gold & Silver Legal Tender Bill

While we reported earlier this week that Arizona was as good as ready to adopt gold and silver as legal tender, after the Senate voted 18-10, it now appears that Arizone Governor Jan Brewer vetoed. In this short article we publish the letter that the Governor has written in which he explains his veto.

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Arizona 2nd US State To Accept Gold & Silver As Currency

Arizona 2nd US State To Accept Gold & Silver As Currency

This week it is Arizona who is one step away of adopting gold and silver official as currency on a state level. The Senate voted 18-10. It is the governor who needs to sign off (but could refuse as well in extremis). The bill will make gold and silver coins legal tender as of mid-2014.

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Kyle Bass: I See Gold As Another Currency

They can mine some more gold, but they can’t print gold at the rate the central bank is printing money. I see gold as another currency, it’s that simple; I don’t view it as a commodity.

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An Introduction To The Sound Principles Of Austrian Economics

The Austrian view on economics – many know it from the surface, but a minority has studied the principles. This article explains the basics and applies it to today’s economy. It appears that the world could avoid a lot of suffering by applying the sound principles of Austrian economics.

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Gold Price “Weakness” Explained By The Ongoing Currency War

Gold Price “Weakness” Explained By The Ongoing Currency War

Currency devaluations travel around the world, in cycles, and they are reflected in the gold price in the affected currency. The dollar remains fairly strong because every time there is a panic it goes with a flight to quality. The dollar maintains its value, so will keep on printing, until very suddenly and unexpectedly, there will be a loss of trust in the dollar.

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The Price Of Gold In The Cold-Gold War

| February 14, 2013 | Articles: Insights
The Price Of Gold In The Cold-Gold War

Today, the West and its bankers are desperately hoping to prevent a hyperinflationary collapse of paper money should confidence in fiat paper money evaporate. Russia and China, however, are preparing for that very day; they are stockpiling gold as fast as they can in anticipation of a coming currency crisis triggered by the West’s increasingly suspect paper money.

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Gold Is Money: Central Bank Actions Send Investors a Clear Message

| February 13, 2013 | Articles: General

Germany recently announced its plan to bring home part of its massive gold reserves. While Germany’s announcement is no longer front-page news, it is important to consider the reasons behind this move, and the message being sent to investors by central banks around the globe – gold is money. So fasten your seatbelt, this around-the-world tour is about to begin.

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Own Physical Gold & Silver As Currency Wars Will Destroy Our Money

| February 3, 2013 | Articles: Insights
Own Physical Gold & Silver As Currency Wars Will Destroy Our Money

The global economic scene is focused on additional monetary easing and continuing currency debasement in order to inflate their debts away. This is the only time in history where ALL countries globally are living on a paper based (fiat based) currency system. What we know from history is that every single fiat currency in history has collapsed. Gold is set to rise higher. Precious metals owners should be rewarded with much more than only preservation of purchasing power.

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Gold Closer To Become Officially Money … Again

| January 13, 2013 | Articles: General

A new paper published by the Official Monetary and Financial Institutions Forum describes the gold is ready to become officially part of the monetary system … again. In order to stabilize the world monetary system, in the light of a deteriorating global currency war and the lack of a real alternative world reserve currency, gold is the only alternative currency that is ready to take on a leading role. One thing is for sure, it is the ONLY time tested currency as ALL paper based money systems have failed in history. Although the Renminbi is a candidate to play an leading role in the future, it is not ready to take up that role yet. Gold was money and gold continues to be money, although we temporarily somehow “forgot” in it in the West.

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