Assuming the baseline was a dozen years ago, though if you go by the DOW/Gold ratio it's just part of a cyclical correction. Maybe we would have...
Actually yes. A few months back on the Keiser Report (e328), Sandeep Jaitly was discussing Austrian economics and von Mises. One thing that...
When the dollar was initially conceived it was measured in grams of gold and silver. What we have today is backwards. Currency should not be the...
Gold hardly ever changes in value. It is the currencies that change in buying power that causes the gold price to fluctuate more than all other...
Try Black's Law Dictionary then. It will confirm everything I've said, and is the only one that matters in a court of law. Also, the US dollar is...
I feel the need to repost this since this debate really has no reason to continue if this information is read before posting. Unit of Account...
Money and currency are two different things. I don't know how else to say it.
Unit of Account as per http://en.wikipedia.org/wiki/Money#Unit_of_account Medium of Exchange as per...
Gold and silver as metals are both a medium of exchange and a unit of account irrespective of the eagles.
Silver is going to the moon of course, but on the way there it will make a few pit stops. I don't see it getting below $28 again without major...
Short term, anything can happen. I don't see much downside for gold or silver at this point though. Gold is in the process of completing flag...
Gold and silver eagles have face value. We may not agree that value is accurate, or that they are functioning as the most ideal money, but the...
Not my intention to derail here, but I say this because BitCoin has a predictable algorithm with built in deflation, no need or ability for...
Whatever the goverment says it is :) I didn't say gold was the ideal currency, far from it, but it is money. I like BitCoin as a better currency...
Central banks do, and if I were a betting man I would bet that the smaller banks will follow suit in 2013 since gold will reach 100% valuation on...
This assumes that the paper price reflects true market dynamics, a leap of faith IMO. I don't care what the paper price is, as long as inflation...
My thinking here is that mines which are not profitable enough to be open currently would be opened up if silver prices were higher. The cost of...
On that day I will say "gold is currency" ;) Until then, it is an element that also meets the definition of both money and commodities.
Wouldn't you also have to take into account a weighted ratio based on how much money the lead and zinc in the same mine are bringing in since...
If I can get a graded coin for the same price or cheaper than a non-graded one then I won't hesitate as long as it's a coin I like. If it's over a...
Separate names with a comma.
