4 March 2023 By Jon Wolfenbarger, mises.org: Over one hundred years ago, Austrian economist Ludwig von Mises discovered what causes the boom-bust business cycle. As Mises explained, the boom is caused by central and commercial banks creating money out of thin air. This lowers interest rates, which encourages businesses to borrow this newly created money to […]
18 Jan 2023 By Aitana Villegas, Diario AS: A group of experts have concluded that the current increased production rate will lead to the depletion of some finite resources, including gold. Just how scarce are our gold reserves? Well, a group of scientists have set a date for the disappearance of the rare metal, and that
When will Earth run out of gold? Scientists predict a golden end date Read More »
18 Jan 2023 By MISH, Mish Talk Here’s yet another idea on how to break US dollar hegemony. Can this one fly? CoinTelegraph reports Iran and Russia Want to Issue a New Stablecoin Backed by Gold The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by
Iran and Russia Want to Create a New Stablecoin Backed by Gold Read More »
22 August 2022 By Dean Arif, MY Bullion Trade Definition of Money Money is anything that is generally accepted as payment for goods and services and repayment of debts. The main uses of money are as a medium of exchange, a unit of account, and a store of value. Aristotle on good money Aristotle (384
30 July 2022 By Jeff Clark, Senior Analyst, GoldSilver.com Convinced a recession is here? Worried the stock market isn’t done crashing? It’s a distinct possibility things could get worse. Which raises a natural question: how does gold—and all precious metals for that matter—perform during these events? If we use history as a guide, there’s a
6 Nov 2021 By Patrick Barron, Mises Institute: There are many good recommendations promoted by Austrian school economists for improving the economy. Although we enjoy successes periodically, most–such as deregulating trucking and airline pricing–involve eliminating previous government interventions. These successes are to be celebrated, of course. But no one can deny that government intervention into
Sound Money Is a Prerequisite to Peace, Prosperity, and Freedom Read More »
15 October 2021 From RT: Russia has reached a historic record in international reserves, ranking fifth in the world after China, Japan, Switzerland and India, the Accounts Chamber said after an audit of the country’s gold and foreign exchange holdings. “The volume of Russia’s international reserves exceeded $618.2 billion [as of September 1]. This is
Russia holds world’s fifth-largest gold & foreign currency reserves Read More »
14 October 2021 By Jeff Clark, Senior Analyst, GoldSilver.com: It’s frustrating to watch gold and silver languish when they’re surrounded by major catalysts and since, well, everything else is going up. More than frustrating, it’s bewildering. But what if I told you gold and silver have been in a near identical scenario before. And that
1976 Says Silver & Gold Have Been In This Exact Place Before Read More »
24 Sep 2021 By John Detrixhe, Quartz: Central banks like the US Federal Reserve are printing more paper money than ever. But Cornell University economics professor Eswar Prasad, who published a new book on the future of money, thinks cash has outlived its usefulness. Prasad’s book, The Future of Money: How the Digital Revolution is Transforming Currencies and
2 June 2021 From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: BoE’s gold is selling at a premium, how silver prices should abandon their lag, and first privy-marked 2021 Morgan dollars sell out in minutes. Gold stored in the Bank
Why Is the Bank of England’s Gold Selling at Unusual Premiums? Read More »
