When we had real goods, silver, gold, and gold-backed currency, there was zero inflation. A loaf of bread is ALWAYS worth such and such an amount of gold. But paper, it is subject to market emotionality, manipulation, and all manner of dirty cheating
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India to Pay Gold Instead of Dollars for Iranian Oil. Oil and Gold Markets Stunned
Within the body of the report were gleaned these crucial items:
1. India has become the first buyer of Iranian oil to agree to settle purchases in gold.
2. China is
Read more…Jaqship said…
My fear is that they will at some point mess with what is left of the middle class, e.g. by imposing a punitive tax on gold sales -- to intimidate regular folk from using gold to protect themselves from HI. Maybe likewise on sales of
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Peter Schiff |
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Prices to buy gold remained volatile in Asian and London trade on Wednesday, holding within $20 per ounce of last week's finish – some 7% above Monday's two-month low – as this week's strong rally in global stock markets faded and industrial commodi
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