Gresham’s Law Governing the Debasement of Money
Why don’t we see circulated silver coins used in commerce today? Read here about Gresham’s Law that governs the debasement of circulated money.
May 21, 2018 | Jerry Smith |
Until Debt Do Us Part
On average, the US national debt increases by $52,000 per second. That’s more debt in a split second than the typical American worker earns in an entire year. And there is no end in sight. What does our growing debt mean?
May 21, 2018 | The Gold Telegraph |
Breaking Down America’s Worst Long-Term Challenges: #2 The Looming Retirement Crisis
The Federal Reserve’s most recent Survey of Consumer Finances, for example, shows that the median bank balance among US consumers is just $2,900. And Bank of America’s annual report from last year showed that the average balance per HOUSEHOLD (i.e., not per person) was $12,870, which is actually LESS than the average account balance that Bank of America reported in 1997!
May 17, 2018 | Sovereign Man |
Blowback Begins: EU to Ditch Dollar in Payments for Iranian Oil
The dollar’s collapse is nearing. The European Union is planning to switch its payments to the Euro for its oil purchases from Iran, eliminating US dollar transactions. Just one more nail in the US dollar’s coffin. Its collapse is all but imminent at this point.
May 17, 2018 | ZeroHedge |
China Gold Demand Off to Hot Start
It looks to be another boom year for gold. Investors are anticipating a continued demand for the precious metal for the fifth year in a row, driven by geopolitical uncertainties and less-than-strong predictions for the US economy and the US dollar in 2019.
May 15, 2018 | The Gold Telegraph |
Certified American Eagles – Scam Alert
Precious metals investors should beware of dealers peddling certified modern coins like certified American Eagles for inflated prices. Read here about this unscrupulous practice.
May 13, 2018 | Jerry Smith |