Here’s an exceptionally well made video by the National Inflation Association. If you don’t believe in hyperinflation (or even if you do) this eye-opening video will entertain and educate you regarding the historical currency devaluation that several other countries have faced and the total break down of economies like Zimbabwe. It also goes to explain [...]Read the full story »
Friday the 11th September 2009 marked a historic moment. It’s the first time the price of gold actually closed above a $1000/ounce. Previous, it had breached the $1000 level only to face heavy selling pressure and a close below the magic level. Due to this, it seems as if $1000/oz is a psychological barrier for [...]
What if the US government were to revert back to the gold standard? At what price of gold would we peg the dollar?
In 1971, the US government had 280 million ounces of gold [source]. Assuming that the sale of gold by the US mint is inconsequential, and that the amount of gold today is the [...]