Hi Yo Silver! sort of…

In January, 1980 silver peaked at close to $50.00 per ounce and gold hit its high point of approximately $850.00 per ounce. Thirty-one years later, in 2011, both metals again reached lofty levels.

For gold, the new high point was $1900.00 per ounce.  For silver, the number was $50.00 per ounce; again.

Six years later, as of this writing, gold is priced at $1260.00 per ounce. Silver is at $17.00 per ounce and change.

Over the entire thirty-seven year period, gold is forty-eight percent higher than its January, 1980 peak price; whereas, silver is sixty-six percent lower.   Continue reading “Hi Yo Silver! sort of…”

Gold And Unrealistic Expectations – Gold Is Not An Investment

Gold has been characterized as insurance, a hedge against inflation/social unrest/instability, or, more simply, just a commodity.  But it is treated most of the time, by most people, as an investment.  

This is true even by those who are more negative in their attitude towards gold. “Stocks are a better investment.”  In most cases, the logic used and the performance results justify the statement. But the premise is wrong. Continue reading “Gold And Unrealistic Expectations – Gold Is Not An Investment”

Origin And Danger Of Fractional-Reserve Banking

If there is any one thing in particular that threatens the collapse of our banking system and financial structures worldwide, it is the practice of fractional-reserve banking. The subject is rarely mentioned in the financial press. When it is mentioned, a clear explanation is usually not available.  Continue reading “Origin And Danger Of Fractional-Reserve Banking”