Kenneth wrote in with the following excellent questions:
Hi Charles,
Thanks for your great insight. I have been planning to buy gold and silver early next year and I just have 2 questions.
Filed under gold prices, monetary universe, Silver by 
Bloomberg News and Priced in Gold
Nov. 6 (Bloomberg and Priced in Gold) — Warren Buffett’s Berkshire Hathaway Inc., holder of a derivatives portfolio worth more than 1.3 billion gold grams, said third-quarter profit declined 29.7% percent on losses tied to equity-linked contracts and the falling value of the US Dollar.
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The last time we talked about the Dow Jones Industrials "breaking through" the 11,000 level was back in April. After spending about 15 days above the 11,000 mark, the Dow sank back below 10,000 in June, and again in July, after which it began working higher, bringing us to 11,006 on Friday, a level which just barely held in Monday's trading, closing at 11,010.
Filed under Dow Jones Industrials, Economy, monetary universe, Money Supply, Stocks by
Subscriber Kerry B wrote to me recently:
I would love to see a long running value of the U.S. M3 in gold. I've wondered if this pool equals a relatively fixed gold value while the dollar price of gold reflects mainly the fluctuation in the amount of money in the pool. Thanks.
Filed under Economy, gold prices, monetary universe, Money Supply by
Daniel Rigby wrote to me recently to ask:
This may seem like a dumb question, but I am unsure of how to actually price things in gold myself. Is it on a per gram basis? Could you provide me with an example of how to price something in gold, say dollars?
Thanks for asking, Daniel! That's a great topic that I haven't covered lately.
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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.
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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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