The worth of something is always and only the sales price at the time of sale. Farmer A can only pay, at most, $1000 for Farmer B's corn. Hence...
I would call this retail banking and not investment banking. However you missed the most important difference between an asset based currency and...
If your objective is the bullion price of silver in these proof sets, it's been demonstrated that in most cases, the Silver Quarter Proof Set is a...
One problem, and the buyer needs to do their research, is that many producers had already leveraged out their below ground gold before the price...
I'm not sure that I would consider news from one of Rupert Murdoch's subsidiaries very credible on the matter. However if he was worried about...
I've seen 1 gm bars (gold) mounted on a assay card. It's pretty small on its own. I think in some countries they are used like money.
Ahh, but they had to spend money to create or obtain the items they just sold to the farmer. After paying their bills, they won't have anything...
This is not the definition of inflation. Inflation can only occur when the money supply is increased. Otherwise, if the currency supply doesn't...
I'm interested in that reverse proof. I might get this set depending upon what the mint wants for it.
The silver market is small, smaller than gold,even. Not only that but virtually all of it is traded through the Comex market, a part of Nymex....
Then you fundamentally don't understand it. Fiat currency, distilled down, represents nothing more than a future claim on someone's labor. Note...
Or you simply are incorrect on the accumulated assets inside the USA. You didn't offer up any supporting information on that and you ignore the...
When I posted that, gold had traded at $1876. Though I didn't buy there, go look at the premium on a 1 ounce AGE or Buffalo on Ampex or any of...
You should check your history. The Monroe Doctrine was directed towards Europe. It had nothing to do with domestic politics of the Latin...
How can this be? How can you have $50T in assets but there is only $2T of currency in existence. Think of it this way. If you are trapped on a...
I am not talking about the interest on a loan. There is nothing wrong with that. The interest comes from the borrower and does not result in an...
I am not an expert on Chinese history but as far as I can tell this was an asset based paper money system. It was not fiat.
Almost anyone planning to buy, sell or hold gold.
Actually this is the common mistake that people make who can't believe what I stated. Every dollar printed by the Fed is "loaned" into...
Yes indeed. This is a most interesting question. Hugo better have his boys standing by with the drill when these bars show up.
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