Tag: money

  • Macleod: The Upside-Down World Of Currency

    Macleod: The Upside-Down World Of Currency

    Authored by Alasdair Macleod via GoldMoney.com, The gap between fiat currency values and that of legal money, which is gold, has widened so that dollars retain only 2% of their pre-1970s value, and for sterling it is as little as 1%. Yet it is commonly averred that currency is money, and gold is irrelevant. As…

  • How People Are Keeping More of Their Money

    CHICAGO, April 18, 2019 /PRNewswire/ — Today, with over $4 trillion in consumer debt, less than 20% of people are trying to figure out how to get out of debt.  LSI finds that the vast majority are desperately trying to figure out how they can pay all of their bills on time. Missing a payment can be devastating for most…

  • Should you hoard cash during election uncertainty?

    Is Hoarding Cash The Prudent Move As Market Awaits Election Results? Could cash stuffed into a Mason jar and buried in the back yard be the best investment hedge against the unpredictable future that this year’s presidential election will bring? While no one actually encourages burying money, some financial watchers have suggested that hoarding cash…

  • Value of a Diamond in the Rough

    Q: I’m having trouble understanding your statement that all value is subjective. I can clearly see how it applies to a diamond, but not to food. Food is necessary for life. Its value seems to be inherent or fundamental to the food itself. But you cannot eat a diamond. Its value is determined by passing…

  • What it means when gold sells at a NEGATIVE price

    Nearly four months ago on June 2nd, something very unusual happened in Edmonton, Alberta, Canada. The price of propane actually became negative, hitting an unbelievable -0.625 cents per gallon. It’s hard to believe that the price of a productive commodity could become so beat down by the market that producers would practically have to pay…

  • Masters of the Universe See Gold as Money

    Q: The Bank for International Settlement, BIS, sounds like it is at the top of the financial order. Most people have never heard of it. Where can we get more information? A: Yes, it has been very low key. Deliberately so. But there is a, firsts and only, investigative book on the BIS published just…

  • Mark Farber is a Real Economist

    Q: Mark Farber recently observed that the USA economy based on savings, capital investment and production did well from about 1820 to 1971 and, based on money printing, from 1971 to today, has not done well. Your comments? A: Mark Farber is a real economist and competent wealth manager. He is not a political propagandist…

  • A Look at the World’s Gold Reserves

    Currencies are backed up by gold as a form of security and used as a guarantee of payment. Although the gold standard was abandoned long ago, governments still have confidence in the precious metal and its worth has actually increased in the 21st century. History of Gold Reserves Although having no major chemical use, man…

  • How To Be Your Own Economic Quarterback

    You Need To Be The Economic MVP Every Year After a lifetime of earning and saving, one might expect a comfortable and financially secure retirement, especially with a reliable financial advisor – right? “Life is rarely that simple or black-and-white and, unfortunately, neither is the financial realm,” says Bryan S. Slovon, founder and CEO of…