Say what you will about Muslims, some of them at least are starting to figure out what a rip off paper money is and how to avoid it.
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1 August 2010
19 January 2010
The good news would be that if it is, you gold is probably worth a whole lot more than you thought. But generally speaking, it would be bad news for America and American's in general. Who would have thought that tungsten has exactly the same density as gold, and if you were to coat a bar of tungsten with gold, the only way you could tell it wasn't gold would be to drill out a core sample? And you would have to ask eventually, where did the real gold bars go? Read all about it: 12 September 2008
I got an email the other day asking me why, if the price of gold and silver are crashing, is it so hard to find gold and silver coins to buy for delivery. It’s an excellent question. Most "investors" see the money metals staggering around like drunken cowboys and think, "Well, I guess the gold bull is over." Most investors are usually wrong. That’s not likely to change. The guy who asked me that question has noticed a curious feature of this price decline that most people never will. Falling prices mean . . . → Read More: The Peculiar Crash in Precious Metals 16 August 2008
You are uptown in a shopping district of a small community, and you pass by the meat shop, the wine shop, the coffee shop, two churches side by side, a coin shop, an antique store … and hold it right there. A coin shop? This is irresistible, because, as implausible as this may sound, all political truth can be found in a coin shop. And not just political truth: you find in here the story of the whole of modern life on exhibit, and learn more from looking than you find in a multivolume history. 26 June 2007
Asset bubbles are the result of easy credit and a natural human desire to get something for nothing. The long-term increase in all prices and the occasional price explosion for certain assets occurs primarily because there is no standard for the unit we use to measure value. The dollar is an article of faith, undefined, as ethereal as fairy dust. Tinkerbelle, like the dollar, flies only if we believe she can. The dollar represents no fixed amount of a hard-to-find commodity, like gold or silver. The value of every existing dollar is . . . → Read More: Selling the Sizzle By Hal on 26 June 2007
 Leave a comment  Bubble, Costa Rica, Economics, Essays & Articles, Gold, Inflation |
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