Bloomberg reported: “Gold climbed to a record above $1,890 an ounce in London and New York as concern about slowing economic growth and debt crises spurred demand for bullion as a protection of wealth.”
Post Tagged with: "Gold"
August 17, 2011 06:10
1971 dollar now worth 18 cents
The “Nixon Shock” was followed by a decade of one of the worst inflations of American history and the most stagnant economy since the Great Depression. The price of gold rose to $800 from $35. The purchasing power of a dollar saved in 1971 under Nixon has today fallen to 18 pennies.
July 27, 2011 05:55
MARC FABER: The Debt Fight Is Meaningless, As Governments March Toward Hyperinflation
“it doesn’t solve the fundamental problem of excessive debt and of further, very substantial deficits.”
May 25, 2011 04:10
Gold and Dollar Pop on Euro Debt Crisis
85% of international investors recently surveyed by Bloomberg said Greece will probably default, with smaller majorities predicting Portugal and Ireland will do the same.
May 16, 2011 05:15
Put the pedal to the metals?
Peter Schiff on gold and silver. “The fundamentals have not changed. … The fed has got the monetary pedal to the metal.” “The dollar hit an all time record low against the Swiss Franc.”
April 8, 2011 05:29
Schiff: The government is now taxing us through inflation
Peter Schiff and Judge Napolitano discuss the charges against Bernard von NotHaus for creating silver coins. Are all gold and silver buyers and sellers terrorists? The judge thinks the case will be reversed on appeal.
April 7, 2011 15:57
Gold, Silver And Oil Are All Skyrocketing And That Is Bad News For The U.S. Economy
The price of oil affects the price of almost everything else. Almost all forms of economic activity use energy. Almost all goods have to be transported a significant distance.
March 28, 2011 04:29
Peter Schiff says gold is headed for $5,000
The Fed’s money machine will continue to destroy the value of the dollar and drive up the price of gold.
March 25, 2011 04:23
Peter Schiff calls Fed Chairman Bernanke a liar
Bernanke continues to act as a political puppet as he tries to convince people that there is no inflation while he prints money to buy US debt.
March 10, 2011 05:20
The Canary Is Dying and So Is Our Future
Because prices are the transmission mechanism for economic allocation and change, shifting value in the purchasing power of the dollar will reflect inter-country changes. In effect, the dollar is their early warning mechanism. It is their canary.
