We finally had a resolution, of sorts, in silver. Since April 13, we have had a falling price of silver (indicated as a rising price of the dollar, as measured in silver). And along with this price trend, a growing...
The headline reads “Moscow World Standard to Destroy LBMA’s Monopoly in Precious Metals Pricing”. Wow! Could it be? Is this it?! The gold revaluation we’ve all been waiting for! Someone, who has the power, will give us a venue in...
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Since our last silver article, the price of silver has dropped. With due respect to Frederic Bastiat, the price is the seen. The basis mostly goes unseen. We will take a look...
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The price of silver hit a peak over $26.50 on March 8. It spent about a month and a half breaking down, and then the bottom fell out. It’s currently down from...
It’s pretty, isn’t it?
Gold, Liquid Gold, and Inflation
Gold has a unique appearance. It is also astonishingly heavy—much heavier than it has any right to be. It’s just an inch and a quarter in diameter yet weighs 0.075 pounds. Everyone should...
The dollar rose this week, from 17.87mg gold to 18.24mg (that’s “gold fell from $1,740 to $1,705” in DollarSpeak), a gain of 2.1%. In silver terms, it rose from 1.61g to 1.67g (in DollarSpeak, “silver dropped from $19.24 to $18.64),...
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Something has happened which has not occurred since 2009. The silver basis—our measure of abundance of the metal to the market—has gone way under the gold basis. This means silver is less...
The following is not a prediction for bitcoin’s price in 2022. We don’t know what the price will be in the short term, and neither does anyone else. It is a look at the economics of bitcoin.
First off, bitcoin is...
Senator Elizabeth Warren and President Joe Biden claim that inflation[i] is caused by greedy corporations. And they propose to solve this problem by making the corporations pay. Whether it’s extracting a “windfall profits” tax, crushing them under even more regulation,...
On Thursday May 12, the price of silver fell about a buck. As with every one of these big price moves, the question is: what really happened? Below is a chart of the day’s action, with price overlaid with basis....
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