I think these are the key words. I can visualize Congress arguing over raising the ratio every year the way the do with the debt ceiling now. So...
Canada has some nice commemorative gold too [ATTACH]
What if it was an inflation adjusted calculation of all of the potential mineral rights and water rights in perpetuity, right of ways, and highest...
And Alexander Hamilton did basically the same thing after the Revolutionary war and managed to pay off the debt incurred by the Colonies to...
If the currency was backed by land, issuance would be virtually unlimited because the government could put any value on it that they want.
The gold does nothing for the dollar, isn't enough to back the dollar, there is no will or intent to back the dollar, and it can't pay off the...
The ratio bounces around between 15 and 90 to 1, and frequently takes many decades to adjust. So I don't see any cause and effect at work, or any...
I think there are probably two reasons for not auditing the gold at Ft Knox. The first is security. They don't want people inside examining the...
That's the real reason - tax revenue. I live in a state that has a sales tax on all coin and bullion purchases. It doesn't hurt collectors much,...
I would say that a currency "backed" by gold and land is no improvement on what we have now. If the gold is used as money and currency is fully...
With that much money, I'd buy a mix of government issued one ounce gold coins and common date $20 gold. You could even put together a type set of...
If forced, I'd buy the AGE. But if allowed to pay up a little, I'd get one of the $10 gold commemoratives because I like the designs.
Well, I certainly don't want to bull bait and make attacking digressions. But I don't think I misrepresented your position on gold because I just...
The coin idea has considerable merit, but angers the folks who support the Fed and central banking in general. Bloomberg TV won't allow guests who...
What I posted isn't a fallacy. It's a fact. I don't think I misrepresented your position at all since you admit his target matches yours. And I...
It isn't a strawman. If Faber never says anything that someone can go back to their desk and incorporate into a buy/sell decision, then he is an...
The problem is that Faber constantly makes predictions. So using your timeline, he made two fantastic calls 20 years apart. This does not make...
It's also possible that he is a fraud. How would anyone know? He doesn't really have much of a track record, but just one call that oil would go...
Faber does a lot of talking, but I never get the feeling he does any real analysis. It's all shoot from the hip gut feeling. So maybe he will be...
There are many Fed-bashing articles on the web, and I know you get a lot of pleasure from it, as do others. This is the Achillies heel of the...
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