May 10th, 2011 by Alex
When to Sell Gold and Silver? Mike Maloney goes over some indicators. When you can buy an average U.S. home for about 500 ounces of silver, that will probably be the time to bail. Until then, holding gold and silver is insurance and there is no good reason to get all out.
April 30th, 2011 by Alex
“Everyone loves an early inflation. The effects at the beginning of an inflation are all good. There is steepened money expansion, rising government spending, increased government budget deficits, booming stock markets, and spectacular general prosperity, all in the midst of temporarily stable prices. Everyone benefits, and no one pays. That is the early part of the cycle. In the later inflation, on the other hand, the effects are all bad. The government may steadily increase the money inflation in order to stave off the later effects, but the later effects patiently wait. In the terminal inflation, there is faltering prosperity, tightness of money, falling stock markets, rising taxes, still larger government deficits, and still roaring money expansion, now accompanied by soaring prices and ineffectiveness of all traditional remedies. Everyone pays and no one benefits. That is the full cycle of every inflation.” Jens O. Parsson — Dying of Money
We’ve been in the so-called good inflation stage for awhile now. It is just a matter of time before the bad stage starts becoming obvious. Bernanke is happy to take credit for the so-called good inflation (rising stock market, positive GDP) but denies the the bad inflation (rising commodities and a weakening dollar).
April 22nd, 2011 by Alex
With gasoline flirting with $4 a gallon, I heard Obama recently mouthing off about how we need to investigate why gas prices are so high. If he really wants to investigate high gas prices, he needs to start by investigating why the value of the dollar is tanking. Relative to real money, by which I mean gold and silver, gas is cheap. Here are the facts. Fifty years ago, an ounce of silver bought about 4 gallons of gas. Today an ounce of silver buys 12 gallons of gas. Priced in gold, fifty years ago, an ounce of gold bought a little more than 100 gallons of gas. Today, an ounce of gold buys nearly 400 gallons of gas. Even in the late 1990s when gas was $1 a gallon and gold was $300 an ounce, an ounce of gold bought 300 gallons of gas. So, relative to gold, gas is even cheaper than it was in the late 1990s. Unfortunately, I was still basically a kid back in the late 1990s and so didn’t have any money to buy gold. But, it all just goes to show what an advantage there is to holding real money instead of dissolving dollars. Furthermore, just think, every 1 ounce silver coin any wise person bought back in 2003 for around $5 can fill up the tank of an average car today. But, of course, according to the official inflation numbers, there is basically no inflation. What a joke! But since the average Joe still doesn’t have a clue, and the mainstream media is equally clueless, the government can get away with those lies.
Here’s a (wholesale) gasoline to silver ratio chart. Relative to silver, gas is cheaper than it was when the price collapsed at the end of 2008.
April 21st, 2011 by Alex
Priced relative to gold, the Dow has gone nowhere since the end of March 2009 when the market had just started to rise off of its lows from the 2008 crash. It is still only worth about 8 ounces of gold. Which just goes to show that the big recovery has been nothing but inflation.
Furthermore, priced relative to gold, the Dow has gone nowhere since the late 1920s. It is still only worth about 8 ounces of gold. Which just goes to show that since the inception of the Federal Reserve it has been nothing but inflation.
It’s a shame that probably not even 1 in 10 people in America has the slightest clue of what the rise in gold really means. That is why the Orwellian scam goes on.
March 16th, 2011 by Alex
This is a good overview by Peter Schiff of the fallacy that breaking stuff and fixing it is good for the economy. If breaking things was really good for the economy, we should be bulldozing cities daily to keep the economy booming. There is no net gain from destruction.
