Recent content by fx57

Graph of inflation adjusted gold price from 1914 to 2007 http://inflationdata.com/inflation/images/charts/Gold/Gold_inflation_chart.htm

A good place for information is www.financialsense.com This week their audio newshour show is all about gold and gold stocks. The stocks I like are FCX, GFI, EGO, CDE, AUY, IAG, HL, NG, SA, GSS, GRS, JAG, MFN, RIC, AGT. I also like the mutual fund UNWPX. Most of these are smaller gold and...

Fractional reserve banking is fine as long as the banks assume the risk and go bankrupt when the inevitable run on the bank happens. The problem is when government starts bailing out the banks with taxpayer money, which is what central banks do. It is the concept of a government backed central...

http://www.financialsense.com/

Imagine a 100% gold standard with stable consumer prices. Introduce some fiat currency and it will drive prices up due to inflation. That is where we are at now... prices are extraordinarily high in terms of gold. Gold is cheap. Now imagine the fiat currency starts collapsing in value due to...

From www.golddealer.com: Which coin transactions are reportable to Uncle Sam and which are not? The Industry Council For Tangle Assets suggests the following rules: ICTA Link (link below) An example might also help: When an investor sells 25 gold Krugerrands a dealer must fill out a federal...

By "deflate in terms of gold" I mean prices of consumer items will go down in relation to gold. A car that costs 30oz of gold now later costs 20oz of gold. Think of everything in terms of gold and it becomes much clearer what is going on.

The whole inflation verses deflation debate in regards to the US economy is silly. It is so simple. We are going to have both: Inflation in terms of dollars and deflation in terms of gold. This "correction" has been going on for years already, and will continue until the government...

Death throes

Gold is mined at about the same rate as the population grows. I don't know if that is a coincidence or an effect of supply and demand, but it keeps gold value pretty consistent over time. Total existing gold averages out to about 3/4 ounce per person worldwide. So when fiat money is gone if...

Silver dimes are worth around a dollar now. Just use that as the currency... $100 = 100 dimes. There's your new silver dollar. You can buy them by the bag from places like Apmex. Well, I guess you get a bunch of quarters and halves in there too, but they would work good as $2.50 pieces and $5...

With the poor investment choices available in many 401(k) plans and the requirement to quit your job in order to get the money out, borrowing the money and buying some gold just might end up being the best way to preserve your retirement funds. I've considered doing exactly that myself. In the...

How's this one... Congress shall pass no law which regulates commerce within a state. That should wipe the majority of the bad federal laws off the books, since they seem to be based off loose interpretation of the commerce clause. This includes drug laws, legal tender laws, the Fed, gun...

Help Ron Paul fight this by donating to his congressional campaign in Texas: http://www.defendthedistrict.com http://www.ronpaulforcongress.com/ Let's show this Peden guy who he's dealing with! Here is the garbage being flung at his constituents...

He got 28% in my precinct Precinct: 4503 JOHN MCCAIN 18 RON PAUL 10 MIKE HUCKABEE 2 MITT ROMNEY 2 FRED THOMPSON 2 RUDY GIULIANI 1 TOM TANCREDO 1 SAM BROWNBACK 0 JOHN H. COX 0 ALAN KEYES 0 DUNCAN HUNTER 0