Recent events have familiarized the public with shortages of basic grocery items such as milk, bread, bottled water, and of course toilet paper. What the average person may not have expected was to witness a shortage of gold bullion on dealer shelves and websites. Nevertheless, that’s exactly what’s happening on the ground in the gold…
As reported by Dion Rabouin at Axios, an unprecedented shift toward gold has been led by the financial authorities of the world in what appears to be a move away from the US dollar. The World Gold Council reported that central banks bought a historic high of 374.1 tons of gold this year. While this…
In Greek mythology, Psyche was a woman of such beauty that she inspired jealousy in the love goddess Venus. The 19th-century Italian astronomer Annibale de Gasparis named a massive asteroid after her. How appropriate that it turns out that 16 Psyche, one of the biggest asteroids in the asteroid belt, is made out of a…
By Jeffrey A. Tucker Facebook’s Libra – a stablecoin that could offer a serious challenge to the money and banking status quo – will likely be very good for mainstream acceptance of blockchain technology as an infrastructure of a global privately produced currency. It could become a genuine challenge to the whole idea of nation-state money as…
Let us start with talking about bad money, by which I mean the US dollar, the euro, the Japanese yen, the Chinese renminbi, the British pound, the Swiss franc, and basically all official currencies. They all represent fiat money. The term fiat is derived from the Latin word fiat and means “so be it.” Fiat…
by Mike Maharrey A bill introduced in the West Virginia House would repeal all taxes on gold and silver specie. Passage would pave the way for West Virginians to use gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monopoly on money. Del. Pat McGeehan (R-Chester) introduced…