One way to look at the price of gold, is that it dropped from its high around $1,900 in early June. Another way is to zoom out, and look at the big picture. Here is a 10-year chart of gold...
Sometimes, bad luck can strike. But other times, a catastrophe comes from a series of bad decisions, each the reaction to the consequences of the previous one.
On August 15, 1971, President Nixon decreed that the US dollar would no longer...
No sooner did we write Silver Rorschach Test, than the price of gold flash-crashed, or was smashed down. On Sunday afternoon in Arizona—i.e. Monday morning in Australia and Asia—the gold price dropped sharply. Gold bug sources claim that the drop...
On Friday, August 6, the price of silver fell from around $25.15 to a low around $24.25, or -3.6%. We were told, also on Friday, that this drop occurred at a “weird hour when there was no liquidity.” In fact,...
When we saw the following comment from a prominent otherwise-free-marketer, we knew it was time to write this article.
“…the value of the Fed's "liabilities"(which are so in name only) [scare quotes and parenthetic comment in original] bears only a very...
We’re seeing the argument, again, that silver stocks are being consumed in solar panels, medical applications, and of course, electronics. This argument has a certain temptation. After all, the standard assumption is that value is inversely proportional to quantity. Purchasing...
On June 24, the Champlain Towers South condominium building fell, killing at least 24 people. The collapse of this building provides a surprising number of insights into the collapse of a currency. The following discussion is based on information that...
Mainstream analysis sees rising consumer prices, and looks for a monetary cause. Also, when it sees an increase in the quantity of dollars, it looks for rising consumer prices.
It is a fact that the quantity of what the mainstream calls...
The price of gold (and silver) was on a tear in April and May. Then some sideways action. And then this week, thud.
On Twitter, a popular meme is that the banks smashed the price by selling futures contracts, though there...
According to the US Treasury, the federal government owes $28.2 trillion. It crossed the “28” threshold on the last day of March. The debt was just under $25 trillion at the end of April a year ago. There’s no question...
