money gold

Weekly Update 21 Feb 2020

National currencies, cryptocurrencies, bonds, and major stock indexes fell while commodities were mixed. The big winners were gold stocks, which rose 6.6%, and palladium, which gained 5.3%. Cryptocurrencies took the biggest hits, as Ethereum dropped 10.1% and Bitcoin fell 9.6%. Although Ethereum registered the largest loss in absolute terms, I see it as a healthy […]

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Bitcoin, Swiss Francs and Gold Stocks

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The huge winner last week was the Swiss Franc. The Swiss central bank did a sudden about-face last Thursday, dropping its peg to the Euro, and the CHF rose 13.4% for the week while all other major currencies fell 3%-6%.The only other asset category in the black was the HUI gold stock index, which is […]

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Special Drawing Rights

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The International Monetary Fund created the SDR in the late 1960s to supplement the gold and other currencies held by countries as their reserves. The value of 1 SDR was initially defined as the same amount of gold as 1 USD. At the time, the USD was convertible into gold, so most countries chose to […]

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Saving with Gold

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Subscriber Mark Cloney recently wrote to me with some great questions: Hello, Sir Charles – I have a couple questions for you: How can someone on a tight budget best get invested in silver and/or gold?  I don’t have a lot of savings, but I do not want to see them destroyed by more and […]

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More on Gold101

Since I published Gold101 there have been some wonderful articles giving additional details on buying and storing physical gold. The first, called “Gold coin shortage likely to become chronic” by Michael J. Kosares, outlines the reasons why gold bullion coins have been so hard to find at reasonable premiums, and why these forces will probably […]

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Gold101

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Here are a few resources to help you move some of your savings into gold. Remember that gold is a form of cash, not an investment. It doesn’t grow in value, create new jobs, earn profits, or generate income for you. It is simply a currency that no government can counterfeit or debase. You should […]

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US Income Rises?

Yesterday the NY Times ran an article headlined, “Average U.S. Income Showed First Rise Over 2000”. The big claim is that after peaking in 2000, incomes fell, bottoming in 2003, and have now climbed back to make new highs in 2006. The author examines IRS data showing average Adjusted Gross Income and Wages and Salaries […]

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