Posts Tagged ‘fiat currency’
Physical vs Paper PM’s – CASE CLOSED!
Read the Thursday Afternoon Wrap-Up for 5/16/2013 and the Friday Morning Commentary for 5/17/2013 Sometimes pictures tell more than words; so I’m going to show you some graphics that prove TPTB may have won the recent “battle”; but are MASSIVELY losing their “war” against REAL MONEY – a war, I might add, they have ALWAYS [...]
The Dollar is a Worse Choice Today to Store Wealth, Than it Was When Gold Was $1,900
READ THE FULL NEWSLETTER I find Jim Sinclair’s quote to be extremely interesting. It will be easy to see if he is correct. If the price continues to rapidly rise, he gains credibility here. Take into consideration that the recent and violent drop in the gold price, especially if followed by an equally violent recovery, was primarily for [...]
Financial Holy Grail Revisited
Read the Monday Afternoon Wrap-Up for 4/8/2013 and the Tuesday Morning Commentary for 4/9/2013 In my November 12th RANT - “HOLY GRAIL OF THE FINANCIAL WORLD”; I explained “the MOST IMPORTANT WISDOM I CAN IMPART ON YOU”; i.e…. PHYSICAL gold and silver are REAL MONEY, and all else fiat. Or – again referring to Arthurian legend, [...]
Another Day In The Fiat Fantasy Neighborhood
Andy Hoffman joined Kerry Lutz of the Financial Survival Network for another Monday podcast. They discuss the growing dislocation between the DOW Jones Propaganda average and the real economy, plus fake government statistics: Ranting Andy Hoffman – Another Day In The Fiat Fantasy Neighborhood
We Are All “Cypriots” Now!
Imagine that 2 weeks ago you were a Cypriot and faced losing some or all of your bank balances. What would you have thought? I ask you this question because chances are... you are not a Cypriot and you haven't had your life savings "locked up" ...yet. You see, whether you know it or want to believe it, we will all be "Cypriots" sooner [...]
“Confidence” Makes (made) the World Go ‘Round
The Cyprus parliament postponed their vote on the theft of depositor monies until at least tomorrow which means that the odds are the banks (stock market and everything financial) will be closed until at least next week. Vladimir Putin used the term "very dangerous" in his description of what is happening there. If you break down the term [...]
Send Them a Link!
Many of you have been reading Miles Franklin's dailies for a while. David writes from the heart and hits straight to the point yet as the owner of a precious metals dealer he is no carnival barker. I bet you could go back 5 years and read one of his missives and see that he was pretty close to correct. I write like I speak and tell it the [...]
When to Sell Precious Metals
Read the Tuesday Afternoon Wrap-Up for 2/19/2013 and the Wednesday Morning Commentary for 2/20/2013 Last week, I was sent an email asking when will be the appropriate time to sell PHYSICAL gold and silver. After all, the goal is ALWAYS to “buy high” and “sell low,” isn’t it? Actually, that’s a trick question, as “buy high/sell [...]
Hyperinflation 101
Gold is not backed by anything? Really? I thought that I'd start the year off with a bit of comedy from 2011. The above link if you remember was a reporter explaining why Gold was down some $100 for the day back in Nov. of that year. She explained that Gold was being sold out of "fear", fear that Gold was... "not backed by anything" whereas [...]
Why all the hand wringing?
Where are "we" today? "We" being honest money advocates (disparagingly called Gold bugs) and "today" being fully 10++ years into a bull market for Gold and Silver. I ask the question "where are we" because I cannot remember a time over the last decade where even THE most ardent hard money advocates were as "down" as they are now. When I say [...]
