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http://www.economicpolicyjournal.com/2011/08/case-for-25000-per-ounce-gold.html I came across the above link (article text below) on Robert Wenzel's site yesterday. My comments are in bold & italics. I'm hoping some people will want to address my questions or make additional comments. Gold...
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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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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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so I've heard a lot that you can't use gold as money, that there are legal obstacles to using it. can anyone point me to a source that demonstrates and confirms this? I have not been able to find one. thanks
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I've been wondering for some time now why people don't currently use gold, silver, platinum, bananas, or whatever as a medium for exchange instead of dollars, euros, yen, etc. Are there laws in place forcing people to trade in dollars? There are plenty of other things available that could be...
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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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Hi all, I am a longtime reader of this website. I became interested in Austrian economics while studying for an economics degree at university. As you all well know, the standard college econ curriculum is all but useless in terms of its ability to actually inform ones opinions on the topic. Luckily...
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I think that President Obama plans to borrow more US dollars back from the Foreigners that earned the US dollars manufacturing US consumable products and then provide temporary jobs for unemployed US citizens to construct "Pork Barrel" projects, or rake leaves, or dig a hole today and then...
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Scottsdale Silver is one the best bullion sites IMO. Incredible bars, accepts visa, and quick shipping.