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I made an account here to ask a question I have been pondering for some time. I understand why a gold standard might be a good idea, what the problems with fractional reserve banking is, why central bankers cant get the rate right, why falling prices isnt a bad thing and so on. Say a country adopted...
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Bill Fleckenstein recommends gold above all as a hedge against money printing from the Fed and the ECB. In one or two years you'll be thankful, he tells King World News : Tomorrow the Fed is probably going to bring QE3 and meanwhile Europe is in a state of disarray. All of that will sort itself out...
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I heard a statement from Peter Schiff yesterday and I’m having some trouble thinking about it. The average Ford worker in Henry Ford’s era (1914) earned approximately $5 per day in wages – the equivalent of 1.25 ounces of gold per week. The average Ford worker today earns approximately...
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Hypothetical question : If the US Treasury/ Federal Reserve were to make an announcement saying that the US will never be returning to the gold standard (and fiat currency were permanent), and the Fed would no longer hold gold in its vaults, what would be the impact? What would be the attractiveness...
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10 Signs That The American People Are Starting To Freak Out About The Condition Of The Economy All over America, restlessness and frustration are growing. It has now been almost three years since the great financial crash of 2008, and yet the U.S. economy is still a complete and total mess. In fact,...
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I saw this on an anti-Ron Paul site today. Some marxist said if America goes back to the gold standard it would either have to buy up all the gold on earth or it would have to find a way to take money out of circulation in order for the amount of money to equal the amount of gold. Is this true?
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Also be sure and check out Gold as Money: FAQ
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Hmmm.. it is becoming interesting... Well, in regards to scarcity of gold, who said it should be gold.. or gold only? It could be several metals, gold, silver, platinum.... (anything else?) I can imagine several weight units of every metal (1 gm, 5 gm, 10 gm,... etc.) and free evaluation of each metal...
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Hi all, I am looking for books to read on the subject of money to get an in depth understanding of it. Here is one question I am trying to understand. I have recently started reading Austrian Economics works. I just finished Rothbard's "What has Government Done to Our Money?" and it went...
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The question of course is how much gold does the US Government have? Given that Ft. Knox has never been properly audited. What a great question - Why in the world would the US Government, currently the world's largest debtor, hold on to physical reserves of gold? (that it confiscated from private...