Articles tagged with: economy

Puru Saxena: The US is Bankrupt!
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!

Why $1000 Gold Is Now Significant
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 [...]

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 [...]