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 […]
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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Gold is a type of money, just like Dollars, Euros, Pounds and Yen. Unlike these other forms of money, gold has been around for thousands of years, while many fiat systems have come and gone. Because the amount of gold in the world cannot be increased without finding and mining more of it, its value […]
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Recently I was in Vancouver, BC for the Agora Financial Symposium, which carried the tagline “A View from the Peak”. There were many peaks discussed and analyzed: oil, food, water and debt, to name a few. The price of gold and silver got a lot of discussion, and forecasts abounded. Discussions and opinions were not […]
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I realized yesterday that it is easy to calculate the price of an ounce of silver in gold grams if you know the gold-silver ratio (Duh!) You just divide the ratio into 31.1035 (the number of grams in an ounce.) And the ratio is well documented throughout much of history. For instance, the website Measuring […]
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Another story that caught my fancy, restated in terms of gold for your entertainment. Enjoy! From a March 11, 2008 story in the Financial Times: As stated in dollars: Wall St enjoys best one-day rise since 2002 By Chris Bryant in New York Published: March 11 2008 13:01 | Last updated: March 11 2008 20:41 […]
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Here are excerpts from three news stories from 7-Mar-2008 Marketwatch.com, as they were written, and as I would read them. In each case, I have simply taken the USD figures given in the story and converted them to gold grams, then reworded the story to fit the new numbers. In some cases, I’ve added YTD […]
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With the US Dollar making new lows, and the stock market in disarray, 2008 is off to a shaky start. The Fed is faced with few options, none of them very pretty. If they cut rates to try to soften the recession and prop up asset prices, they further lower the value of the currency […]
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Twenty years ago, on 19 October 1987, the stock market took a terrific drop… 22.6% as measured by the Dow Jones Industrial Average. But look at the chart of the DJIA since 1900 and see if you can find the crash. It’s there, just a bit over 2 years before 1990… but it’s a pretty […]
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The Charts section has been updated with a new chart of the Dow Jones Industrial Average, this one from 1900 to present. The three big bull markets of this 107 year period, and the following bear markets, are easily seen. It is clear that a lot of money can be made – and lost – […]
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