While the criticisms of gold are as many and varied as its critics, here we want to focus on what we think is the chief criticism of gold, that is to say the best or strongest criticism, at least in the last half-century. It is this…
Why and How to Start Using Gold as Money Again
Whether intuitively or analytically, we all know that the dollar is not such a great money. Well, that’s putting a bit lightly isn’t it? The dollar is a downright terrible money when you take a closer look. Those who have been around a little longer grasp this reality more clearly. Like trying to walk up a […]
Dollars, Bitcoins and Gold, Oh My!
Many Americans are concerned about their privacy today, and with good reason. Current technological advances and the current political environment make privacy an increasingly difficult good to secure. The NSA and governmental authorities maintain that such measures are ultimately for the safety and security of the american people. We will leave that debate in the capable […]
The Hubris of Janet Yellen and Mario Draghi
Janet Yellen and the US Economy The monetary landscape today looks pretty grim. We are in the middle of the perennial decline in the rate of interest. Central bankers are convinced they can get us all out of this mess. But can they really? Janet Yellen recently tried to go against the decade long trend […]
Negative Yields, Opportunity Costs and Gold
Last week, I published an article on the causes and consequences of negative interest rates. In it, I talked briefly about how negative yields hold significant implications for gold as an asset class. In this follow up article, I will explain why that is. Capital and Negative Yields Capital in waiting – that is capital […]