It can be difficult to grasp that under a gold standard there is no "price" of gold. We're used to gold being expressed in dollars but what if a dollar was gold? What if you wanted to buy wheat or steel with gold? If dollars were gold these things would be valued not in dollars but in terms of gold. We wouldn't care about the price of gold; we would instead want to know ho... read more

Gold's London AM fix this morning was USD 1,698.00, EUR 1,286.17, and GBP 1,073.60 per ounce. Friday's AM fix was USD 1,714.50, EUR 1,292.99, and GBP 1,076.14 per ounce. Cross Currency Table - (Bloomberg) Gold fell $3.10 in New York Friday and closed at $1,711.60/oz. Gold fell in Asia prior to modest price falls in Europe which has gold now trading at $1,... read more

A war, a state or period of armed hostility, is not only detrimental to the citizens, but the overall function of a nation. War is expensive, uncertain, and stressful. There is no doubt that when a country in facing the war time the citizens become fearful of the future. Will they lose relatives to battle? Will the country be defeated? What will happen to their home? Many say history has a w... read more

Federal Reserve Chairman Ben Bernanke was once confronted by Ron Paul with the now famous question, “Is gold money?”  Bernanke replied “no” and said central banks hold the precious metal as “tradition.”  However, the Central Bank of Iran appears to disagree with Bernanke and is substituting gold for U.S. dollars. Due to sanctions placed on Iran by the United States and the... read more

ilver is shaking off its latest setback. Fed Chairman Ben Bernanke rattled the cage of the white metal during his testimony to Congress on Wednesday. During his testimony, he tried to make it clear that the Fed had no plans to launch another round of quantitative easing any time soon. Both gold (GLD) and silver... read more

Benjamin Graham was reported as saying that in the short run, the markets are like a voting match and in the long run they are a weighing match. In a similar vein, John Maynard Keynes is attributed with saying that the market can stay irrational longer than you can stay solvent. Yes, while fundamental analysis might eventually lead the way, we can also learn much from examining the manner... read more

Benjamin Graham was reported as saying that in the short run, the markets are like a voting match and in the long run they are a weighing match. In a similar vein, John Maynard Keynes is attributed with saying that the market can stay irrational longer than you can stay solvent. Yes, while fundamental analysis might eventually lead the way, we can also learn much from examining the manner... read more

There were a few great discussions going on in the last thread and so I thought I'd rejuvenate it with a fresh count! Early on in the thread Hawks5999 quoted me and OG from Yo Warren B, you are so OG! and then asked read more

Over the last half decade or so, as the price of gold and silver have steadily risen, financial experts, advisers and pundits have often argued that gold is a bubble. They said it in the spring of 2008, as gold approached $900 per ounce. Likewise, as gold surpassed its nominal 1980′s high and went above $1000, those same analysts were screaming sell recommendations. To this day,... read more