Articles in the Silver Category
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 [...]
Why $1000 Gold Is Now SignificantPosted 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 [...]
HyperInflation In The US: Possibility Or Reality?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 [...]
Gold At $5,000 Per Ounce?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 [...]