Tag: gold standard

Monetary Metals Don’t Need a “Gold Standard” Proxy System

Monetary Metals Don’t Need a “Gold Standard” Proxy System

By Stefan Gleason, Money Metals Exchange President Trump moved recently to nominate an avowed sound money advocate, Judy Shelton, to the Federal Reserve Board. That triggered a flurry of superficial and derisive references in the controlled media to Shelton’s past support of a gold standard. For example, CBS News described her as “a believer in the return to the gold standard, a money policy abandoned by the U.S. in 1971.” According to the story, “mainstream economists believe it’s a fringe view.”  As the “mainstream” media portrays sound money advocates, we apparently are nostalgic for the monetary system that existed all the way up until 1971.  Being backward looking by nature, […]

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The Hidden Reason Why Fed Chairman Powell and “Systemically Important” Banks Oppose a Gold Standard

The Hidden Reason Why Fed Chairman Powell and “Systemically Important” Banks Oppose a Gold Standard

By Mike Gleason, First Published on Sound Money Defense League Chairman Powell’s testimony this week was closely scrutinized not just for its economic implications but also for its political overtones. Powell cited “trade tensions” as cause for concern about the strength of the global economy. He clearly seemed to be blaming President Trump’s tariffs. But if the tariffs are what ultimately move the Fed to cut rates, Trump will have finally gotten what he wants out of Powell. In recent weeks, Trump has stepped up his attacks on the central bank, calling it the biggest problem facing the economy, floating the idea of firing Powell, and suggesting his administration would […]

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Gold and Economic Freedom

| October 3, 2018 | Articles: General

Gold has had a significant impact on the U.S economy. Since the beginning of World War I, gold has been the sole international standard of exchange. Golds impact on the economy waxes and wanes, depending on how safe other investments are. Gold has been considered a luxury good since it is durable, homogeneous, divisible, portable and has significant advantages over all other media of exchange. Before gold was used as a coin, its value was recognized even in the first Egyptian Dynasty. Its beauty, luster and malleability made it perfect for many uses. it has been used in the early times as a standard of exchange together with silver and […]

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Why The Texas Gold Depository Is Important

Why The Texas Gold Depository Is Important

Texas Governor Greg Abbott signed HB 483, authorizing a state depository for gold (and other precious metals) and a payments system. This bill kicks two roadway barriers to the curb: a lack of infrastructure for gold payments, and widespread distrust.

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A Glimpse Into The New Monetary Architecture

A Glimpse Into The New Monetary Architecture

This is an excerpt from the latest Advisory Board meeting by Incrementum Liechtenstein. In this article, we highlight the thoughts of Jim Rickards and Heinz Blasnik when it comes to the future of our monetary system, and their views are rather surprising.

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Is Russia Preparing To Introduce A Gold Standard?

Is Russia Preparing To Introduce A Gold Standard?

The key motivation behind the accumulation of gold is undoubtedly linked to secure the country from the increasingly inevitable collapse of the global currency system. As Macleod points out, “this ultimately is the importance of gold for Russia, and the fact she has been acquiring it aggressively suggests Putin knows it. Putin is not like a western politician driven from one trivial crisis to another and wholly reliant on a central bank to handle money matters.”

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Governments Have Distorted the Meaning of Money

Governments Have Distorted the Meaning of Money

No government could remove the ringing echo of sound money from history, or from us. And government cannot camouflage its counterfeits with gold colored paint. You can experience sound money’s evident ring of truth for yourself. Toss any gold or silver coin on your kitchen table and you will hear the history of honest money ringing down through the centuries. And perhaps, thanks to grassroots projects like the Sound Money Defense League, you will hear the trumpeting of better days to come.

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Anti-Gold Propaganda Prevails In Swiss Vote!

Anti-Gold Propaganda Prevails In Swiss Vote!

This morning the final votes were cast on the Swiss Gold Initiative (most votes were submitted via post). As we speak the final votes are still being counted however we already know: The initiative has been rejected! This article contains several quotes from people who reacted on the results.

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Is A Demand Shock In The Gold Market Coming?

Is A Demand Shock In The Gold Market Coming?

If the referendum in Switzerland goes in favor of the country going back to the gold standard, and other factors come into play in the global markets, the precious metal’s prices will skyrocket in no time. With all this said, every time gold bullion prices have declined, I have been telling my readers it’s a buying opportunity. The way I look at it, the precious metal has had a solid 12 years of gains and in 2013, when prices declined, it was pretty much a gift for investors.

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Reviving a Free Market Gold Standard

Reviving a Free Market Gold Standard

If we who believe in the gold standard continue to wait for government to create it for us, it will never arrive. If we wait until the current global financial system fractures and collapses, we may find it too late, or we may find that IMF SDR’s become the new de facto world currency. If we want to see a gold standard, ever, we need to do it ourselves. In this series of articles I endeavor to lay out a roadmap of how to get there.

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Gold Standard – The way to Liberty

Gold Standard – The way to Liberty

A de-politicization of money and thus the return to all its facets as a store of value and means of exchange, would be beneficial for a broad minded- liberal society rather than a centrally – doctrinaire social order. The gold standard of a currency captures the otherwise nearly limitless power of politics and thereby gives people freedom.

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Gold Wars As Relevant As Ever

Gold Wars As Relevant As Ever

“Gold Wars” reveals how the world economy has swayed off the right path, away from a safe and prosperous economic system. Governments launched a vicious and determinant war against gold, which led to a painful 21st century with hyperinflations, economic instability and massive debt. Lips traces these changes in the economy to the departure from the gold standard in favor of creating the fiat system as early as World War I.

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Morgan: Over The Long Run Gold & Silver Will Be The Ultimate Currency

| November 19, 2013 | Category: Investing
Morgan: Over The Long Run Gold & Silver Will Be The Ultimate Currency

I believe that, over time, some currency or currencies could look better than the dollar, but over the long run gold and silver will eventually, in real terms, go into levels that exceed the expectations of most people.

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Bitcoin Is Gold 2.0: Right Or Wrong?

Bitcoin Is Gold 2.0: Right Or Wrong?

Peter Schiff says: “A lot of people are going to loose a lot of money in bitcoins, a small number of people will make a lot of money, but it will be paid for by a much greater number people who lose because they are coming at the end of the pyramid scheme. I don’t see bitcoins as an alternative to gold. It is not a modern day gold standard. If anything, they are modern-day alchemists but you can not make gold digitally. It is no better than a fiat currency.”

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