What Causes the Economy to Crash?
Economic crashes begin with artificially low interest rates and credit expansion which lead to a misallocation of resources, inevitably culminating in a recession.
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Credit Spreads Approach 2007 Levels
Low credit spreads and surges in “extreme greed” often reflect a fervor which disregards proper risk assessment.
What Backs the United States Dollar?
Prior to 1971, the US dollar was backed by gold. Today, the dollar is backed by 2 things: the government’s ability to generate revenues (via debt or taxes), and its authority to compel economic participants to transact in dollars.
Why Do People Say “Gold is Money”?
History, economic theory, and empirical evidence: three arguments supporting gold as the purest form of money.
Why Should I Care About the Gold Price?
Because the entire global financial system was built on gold. Today, the gold price sends important signals about the economic health of the world’s most powerful nations.
Why Does Fiat Currency Fail?
Fiat currencies rule the world, despite their shoddy track record over the last 100 years. What can we learn from fiat currency collapses in recent history?
The Truth About Gold Price Manipulation
Gold bugs often debate the scope and impact of gold price manipulation. Some of these accusations are absolutely true, while others enter the realm of conspiracy.
History of the Gold Standard in America
To understand the history of US monetary system, we must grasp the role of its central protagonist: gold.
How Does Quantitative Easing Impact Gold?
The long-term risks of quantitative easing, including eroding the credibility of the US dollar, are closely linked to gold's performance.
History of Hard Money: Japan’s Lost Decade
In the 1990s, Japan’s economy crashed after a frenzy of debt, speculation, and easy money. Japan’s lost decade now stands as a dire warning to modern economists.
Gold vs. Money Supply
History is clear: when the money supply increases, the gold price follows. The more dollars are printed, the more can be stuffed into the earth’s limited supply of gold.
History of Hard Money: The Denarius and the Fall of Rome
When Matthew wrote his gospel in 85 AD, one pure silver Denarius covered the daily wages of a skilled Roman craftsman. Three hundred years later, the coin had been reduced to a worthless scrap of copper alongside a crumbled empire.
History of Hard Money: The Mississippi Bubble
If you happened to be walking around Paris from 1715 to 1722, you would have encountered one of the first experiments with paper money, centralized banking, and fractional reserves.
Gold vs. Bitcoin: Where Should You Put Your Money?
Everything you need to know about the two top choices for hedging against the U.S. dollar, and how to take advantage of the forces driving this battle.
Gold: The Miracle Metal
Gold’s ability to serve the role of currency, industrial material, and aesthetic symbol make it one of the most unique creations of the natural world.
Can You Get Rich Investing in Gold?
Gold has a few key characteristics that make it an essential tool for achieving superior returns, building long-term wealth, and hedging against economic downturns.