Articles Archive for September 2009
Posted in China, Currency, Inflation, Silver on 22 September 2009
Jim Rogers is one of my favorite investment “gurus”. Unlike many others, he’s made billions from investing as opposed to peddling investment advice and he puts his money where his mouth is. He has recently moved his family and household, lock, stock and barrel to China and believes Asia is the economic powerhouse for the [...]
Posted in China, Gold, Silver on 20 September 2009
The Chinese government has been advising its citizens to buy gold and silver. Typically, there is a large abyss between what the government wants and what the people actually do. However, in this case at least, it seems that the Chinese people are happy to be buying both these commodities. Until very, very recently possession [...]
Posted in Economics, Inflation, US Debt on 14 September 2009
Just in case there was any doubt, Puru Saxena declares the good ‘ol USA completely bankrupt!
Posted in Featured, Gold, Inflation, Silver, US Debt on 13 September 2009
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 [...]
Posted in Currency, Economics, Gold, Headline, Inflation, Silver on 10 September 2009
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 [...]
Posted in China, Gold on 9 September 2009
Yesterday, the price of gold hit $1005/oz before retreating to just under the $1000 level. The question is whether gold will stay at this level or drop back down again like it did last year.
There’s a good chance that this time the $1000 level might stick. The difference between last year and now is that [...]
Posted in Gold on 8 September 2009
For the 6th time in history, Gold broke $1000 per ounce in the intraday market. It then settled just below it at $999/oz so its not a record but it’s still a historic moment. Indexed for inflation, Gold’s high of $850/oz back in the 80s would be equal to over $2,000/oz today.
Check out this video [...]
Posted in China, Currency, Economics on 6 September 2009
This is a quote from the video below,
We hate you, we hate you. You’re spending a trillion dollars and effectively devaluing your currency.
No wonder the Chinese government hates the US! They own a few trillion US dollars worth of currency and bonds and when we devalue our currency, they take a multi-billion dollar haircut. The [...]
Posted in Featured, Gold, Silver on 5 September 2009
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 [...]