For the week commencing March 23d, some economic data are scheduled to be announced but there is no central bank decision planned, as seen in the table below. Mr. Draghi and Mr. Yellen will have each one a speech during the week, but they are not announcing a decision from the central bank. CPI in the U.S. and new home sales are scheduled on Tuesday; unless the CPI will be very surprising, these are not the type of economic data that are moving precious metals prices. However, the U.S. GDP data on Friday have the potential to create some volatility in markets and metals.
Tag: monetary history
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.
Desirable or not, it’s happening. The US dollar’s days are numbered. Now, gold, with its millennia-long history is making a comeback. We’re not just talking about it as a store of wealth or a speculation, but as a regular form of currency.
As we approach the 100th anniversary of the start of World War I, the (non-mainstream) media is starting to talk about the parallels between then and now. Could it be true that there are similarities? This article discusses some of the intriguing and disturbing parallels between the period just prior to WWI and today. Understanding these parallels is of utmost importance, not only because the events leading up to WWI are also the indirect cause of the Second World War, but they are important to understand the similar problems we could be facing today.
Regarding the US dollar, global confidence for it as reserve currency has definitely started to wane. Without a return to sound financial and monetary policy the US dollar sooner or later will be questioned sooner or later. I am absolutely certain, that the renaissance of gold in classical finance will continue.
In this interview, Sprott Money talks with David Morgan about several topics. We have picked out some interesting parts of the discussion: long and short term outlook for the metals, as well as the part about the gold standard.
With a global competition in currency debasements, with limitless monetary stimulus, with decreasing effects of monetary expansion, with a conscious infringement of the monetary rules, it should be clear that there is hardly a way back for our leaders. Given this outlook, we believe it is a matter of “when,” not “if” the next collapse occurs.
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.”
We are of the firm belief that gold has an inherent, intrinsic value that most other asset classes lack. The world economy is shaped as much as the policies of the government as by the sentiments of people. And throughout history, people have shown the sentiment that when the going gets tough, they fall back on gold.
One of the hidden secrets of money is that each empire goes through 7 stages. It is a long term cycle that resembles a societal pendulum. It swings from quality money to quantity currency and back again to quality money. And here is the key: “It always ends with gold delivering a knockout blow to debased currencies.” A must-watch video.
Where does money come from? Is its value constant or does it change? Are there risks associated with money? These are all important questions, because today’s monetary system combined with fractional reserve banking has a lot of risks. It is vulnerable to bank runs, inflation, and economic bubbles, to name just a few. In this article we extract 12 insights from a new report prepared by Global Gold Switzerland: “Real vs false money – How our monetary system works and fails.”
As history has shown, the government can control the monetary system for a certain time but not endless. As time progresses, the market can take over control. With the global monetary system at risk levels never seen before, Holders of paper money should ask themselves what exactly they are owning … and what would happen if history is about to repeat itself.
Bank deposits are neither safe nor sacred. More financial disasters are inevitable and imminent. Your standard of living is likely to decline. Governments, agencies, and bankers are preparing for more confiscations. Plan on it! Buy gold and silver and remove it from the banking system.
This article represents an interview of Claudio Grass, managing director at Global Gold Switzerland, conducted by Incrementum Advisors AG. Claudio Grass explains why and how people should protect with precious metals. Interestingly, he brings his own story about how he “stumbled into” precious metals.
This article does an outstanding job in pointing to the fundamental reasons of owning and buying PHYSICAL gold and silver, from a monetary point of view. The fundamentals behind the debt crisis are explained, a matter that remains underexposed in mainstream media and education.