As September, 2010 comes to a close, the US Dollar continues falling to new all-time lows, now below 24 mg for the first time in history. At the same time, the National Bureau of Economic Research (NBER), whose Business Cycle Dating Committee is charged with defining when recessions begin and end, has announced that the recession that began in December 2007 ended in June of 2009.
There has never been a better time to switch to gold. By that I mean to choose gold as your unit of account, your personal money. To hold your savings in gold. To measure your investment returns in gold. To keep your books in gold. In fact, it's not just a "good idea", it is vital to your future!
Filed under Banking, Economy, Freedom, home currency, monetary universe, Regulation by 
Subscriber Ian Shearer recently wrote to point out that although the site covers the price of Oil, the world's most traded commodity, we're missing the number 2 commodity, coffee! Given the number of espressos we make around here every day, that is an omission that had to be corrected.
Filed under Coffee, Commodities, Food, monetary universe by
Today, in addition to relaxing with family and friends and planning a pyrotechnic orgy for this evening, I've been reading Thomas Jefferson's Declaration of Independence, and updating the charts here on the Priced in Gold site. I've also been listening to Harry Browne's "How to Rule Your World" audio course, which I highly recommend.
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A subscriber recently sent me link to an article in the Wall Street Journal by Brett Arends titled "Why I Don't Trust Gold". This is the second part of a three part series, but as I write this, the third installment has not yet been published.
Filed under monetary universe, price of gold by
I think it's time we all switched to using gold as our unit of account, as the fiat currencies of the world continue to be consumed in a firestorm of inflationary "money" creation. Whether or not we hold actual physical gold (which we should, as our bedrock cash position) we should be seeking to own stuff that is rising in value in gold terms. The real problem is that the signals we get from investments priced in EUR, USD, JPY, etc. are being seriously distorted by the massive issuance of these currencies, resulting in investors continuing to hold them and even add to them, believing their value is rising when it is in fact falling.
Filed under Audio Podcast, Bonds, Economy, Interest Rates, monetary universe by
Here are my comments on the US home price data just released in April of 2010. Prices in dollars appear to be stabilizing… but what is really happening?
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Here is a news item I found interesting, followed by my restatement of the story, priced in gold. You can also view a chart of net worth.
Americans' net worth rises for third straight quarter
Friday, March 12, 2010
Filed under Economy, monetary universe, new highs by
I'm off to Vancouver BC for Agora's annual investment conference. This year, I will only be able to take in two days, July 22nd and 23rd. If you are attending, look for my trademark pith helmet! I'd love to talk with you about gold, the economy and how life is shaping up for you. Please look me up if you get a chance! You can also follow me on Twitter, @vollumc.
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