FOFOA: Gresham's Ghost
Written by admin on September 15, 2009 – 2:30 pm -On the appointed day they intend to call in the circulating coins and replace them — by weight rather than face value — with newly-minted coins . This devaluation will transfer citizens’ wealth to the government, impoverishing the … Read the original: FOFOA: Gresham's Ghost Read More →
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Gold is Money | Bear Market Investments
Written by admin on September 15, 2009 – 12:56 pm -Under the classical gold standard prior to World War I, gold coins circulated as money alongside banknotes, although for ease of use banknotes were preferred…as long as people had confidence that they were backed by gold. So the system acted as a natural .. Read more from the original source: Gold is Money | Bear Market Investments Read More →
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Gold wars part III: Return on the gold standard
Written by admin on September 15, 2009 – 7:05 am -First they ingratiate themselves upon the rulers of a particular society by claiming that they provide a useful, if not essential service: they exchange paper “IOUs” for gold and silver coins , replacing heavy, bulky coins with their … It is also clear that China is literally “putting its money where its mouth is.” China has devoted an enormous amount of resources building up its domestic gold mining industry, soaring to number one in the world this decade, … Go here to read the rest: Gold wars part III: Return on the gold standard Read More →
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