by Runaway Slave | Aug 1, 2010 | Economics, Gold, Government, Libertarian Curmudgeon
Say what you will about Muslims, some of them at least are starting to figure out what a rip off paper money is and how to avoid it.
by Runaway Slave | Jan 19, 2010 | fake gold bars, ft. knox, Gold, Government, Libertarian Curmudgeon, phoney gold
The good news would be that if it is, you gold is probably worth a whole lot more than you thought. But generally speaking, it would be bad news for America and American's in general. Who would have thought that tungsten has exactly the same density as gold, and...
by Runaway Slave | Sep 12, 2008 | Gold, Libertarian Curmudgeon
I got an email the other day asking me why, if the price of gold and silver are crashing, is it so hard to find gold and silver coins to buy for delivery. It’s an excellent question. Most "investors" see the money metals staggering around like drunken...
by Runaway Slave | Aug 16, 2008 | Gold, Libertarian Curmudgeon
You are uptown in a shopping district of a small community, and you pass by the meat shop, the wine shop, the coffee shop, two churches side by side, a coin shop, an antique store … and hold it right there. A coin shop? This is irresistible, because, as implausible as...
by Runaway Slave | Jun 26, 2007 | Bubble, Costa Rica, Economics, Essays & Articles, Gold, Inflation, Libertarian Curmudgeon
Asset bubbles are the result of easy credit and a natural human desire to get something for nothing. The long-term increase in all prices and the occasional price explosion for certain assets occurs primarily because there is no standard for the unit we use to measure...
by Runaway Slave | Feb 2, 2007 | Deflation, Economics, Freemarket, Gold, Inflation, Libertarian Curmudgeon
"Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money." ─ Daniel Webster It was 1996. Alan Greenspan, the architect of the largest financial house of cards in...
by Runaway Slave | Mar 31, 2006 | Deflation, Economics, Gold, Inflation, Law, Libertarian Curmudgeon
I think it was Voltaire who noted that paper money always returns to its intrinsic value. Money created out of thin air, as every dollar, euro, yen, franc and mark in the world are now created, must eventually return to the value of thin air. This graph shows the...
by Runaway Slave | Jun 22, 2005 | Economics, Essays & Articles, Gold, Inflation, Libertarian Curmudgeon, Politics
"Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money." — Daniel Webster In the same chapter of Deuteronomy where flogging and amputation are specified for various...
