The following two links are for those of us still paying too much attention to the 'news' or the short-tem price movements of gold. Neither has much to do with owning gold in light of the current economic and geopolitical risks.
"The most amusing question asked of the Jackass by clients and other people is when the system is going to break down. My usual answer is 2008, which causes a strange reaction, since a past date. Then they are given a tactful tongue lashing that they have failed to notice, detect, or discern properly the failed system in front of their noses."
- Jim Willie the Jackass
See the following links for first-hand accounts of the climax and consequences that the total actions of 6 billion people have propelled us to: Read more about Check Mate - Here and Now
We've been writing for a while now about cycles and trends, and where we're currently at in relation to time within those cycles. For several years now, there have been a lot of very credible people, financial analysts, former insiders, and gold buyers, that have been pointing at some these trends, and their inevitable end. The trends in question are the exponential explosion of debt & currency since 2008, along with the exponential growth of the international police state, and flow of gold from West to East. The inevitable end, is the finacial and economical collapse of the West, and the Rise of the East. Read more about It's Gotta Be Close
In the realm of discussing ideas, particularly those having to do with philosophy or economics, defining one's terms accurately and clearly is probably the single most important thing one can do to facilitate meaningful communication. For an example of what that doesn't look like, I offer this quote from an essay in an academic journal: Read more about Cutting Through the Crap
If you haven't been paying attention, things are a-changing and fast. With the ever expanding mountain of legalese coming from the IRS & Federal Reserve, Offshore Banking is dying. Sending international money wires is becoming increasingly difficult and since UBS in Switzerland, many tax havens have already been refusing business with American citizens. Read more about Another One Bites the Dust
Gold vs Dow - Here's in intereview of Ron Rosen by King World News. Everything in nature moves in cycles, that includes stock markets and gold markets. We've talked about this before in other posts. Acording to his decades worth of study in economics, Rosen noticed a 13 year cycle. Every 13 years the S&P 500 hits a 13 year high, and gold a 13 year bottom. This happened in 1974, 1987, 2000 and is happening again today, in 2013.
Gold as a Forex Currency - FOFOA gives us a a look into the largest market in the world. Nevermind the oil market., let looks at the OTC derivative markets in gold. Specifically, lets look at a side of the paper gold market that is not discussed very much by anyone. Futures, options, Comex, GLD, all these other paper gold markets are side-shows for what happens in paper gold on the Forex. So let's look at what FOFOA can tell us about what happens in the gold market on the Forex.
Here is a two-part post from Hugo Salinas Price explaining gold's central role in economics. Just like the sun is the center of the solar system, gold is the center of the economic system. Just because gold has not been used as currency very much in recent history, does not mean it has not been money during that period. Gold is money, it has been for thousands of years, and will continue to be money for a few-thousand more. Read more about Long Bond Breakdown, Gold Bull
I recently read a piece, " On the Problematic Political Authority of Property Rights: How Huemer Proves Too Much," on the Bleeding Heart Libertarians blog. The author, Kevin Vallier, praises Huemer's book, The Problem of Political Authority, as the most persuasive book on market anarchism ever. However, Vallier claims that Huemer proves too much in that his criticisms of arguments that attempt to justify the state would also invalidate arguments in favor of property rights. He state his thesis: Read more about What Justification Do Property Rights Need?