The cost of the book "The Golden Constant" is selling for over $100 on Amazon.com. I wonder how much it will cost when gold is $5000/oz/?
Friday, January 29, 2016
All of the investible silver in the world is under 20 billion dollars, but comparing the current silver price to median income is informative. Using this metric silver appears fairly valued.
Thursday, January 28, 2016
the 40 million ounces of gold open interest and the record low 74 thousand ounces of registered gold imply that as of Monday's close there was a whopping 542 ounces in potential paper claims to every ounces of physical gold.
Tuesday, January 26, 2016
The article is mildly informative, with the most relevant message being "don't gloat when the price of gold is soaring (because you will be a target) as the world won't be such a friendly place" meme. The more interesting insights come from the Comments section.
Sunday, January 24, 2016
Saturday, January 23, 2016
|Click on Image to Enlarge|
Wednesday, January 20, 2016
Thursday, January 14, 2016
Tuesday, January 12, 2016
Sunday, January 10, 2016
In the "I told you so" category, Gaddafi did perish as he tried to start a gold-backed African-centric currency. This was the true "Arab spring."
Though the French-proposed U.N. Security Council Resolution 1973 claimed the no-fly zone implemented over Libya was to protect civilians, an April 2011 email sent to Hillary with the subject line “France’s client and Qaddafi’s gold” tells of less noble ambitions.The email identifies French President Nicholas Sarkozy as leading the attack on Libya with five specific purposes in mind: to obtain Libyan oil, ensure French influence in the region, increase Sarkozy’s reputation domestically, assert French military power, and to prevent Gaddafi’s influence in what is considered “Francophone Africa.”Most astounding is the lengthy section delineating the huge threat that Gaddafi’s gold and silver reserves, estimated at “143 tons of gold, and a similar amount in silver,” posed to the French franc (CFA) circulating as a prime African currency. In place of the noble sounding “Responsibility to Protect” (R2P) doctrine fed to the public, there is this “confidential” explanation of what was really driving the war [emphasis mine]:This gold was accumulated prior to the current rebellion and was intended to be used to establish a pan-African currency based on the Libyan golden Dinar. This plan was designed to provide the Francophone African Countries with an alternative to the French franc (CFA).(Source Comment: According to knowledgeable individuals this quantity of gold and silver is valued at more than $7 billion. French intelligence officers discovered this plan shortly after the current rebellion began, and this was one of the factors that influenced President Nicolas Sarkozy’s decision to commit France to the attack on Libya.)
Saturday, January 9, 2016
Tuesday, January 5, 2016
Simply put, the USDollar is not the island, with gold and all other foreign currencies floating relative to the dollar. Instead, gold is the island, with all other fiat currencies (including the USDollar) floating relative to gold and to each other.