One comment you sometimes hear from skeptics or those who aren’t yet familiar with the case for gold is what on earth would you use it for. Why buy gold? You can’t use it as money anywhere, right? Well, maybe you can’t buy a Big Mac with gold yet, but there is a growing number [...]
October 8, 2009 · 2 comments
in US debt, US dollar, central banks, currencies, forex, gold, hyperinflation, inflation, international economy, money supply, precious metals, world reserve currency
Gold has broke through some of its all-time highs today, October 7, 2009, reaching as much as $1043/oz. But that is not the end of the excitement for all the gold bugs and other lovers and investors in the yellow metal. Gold might be making a comeback as a contender for one of several currencies [...]
James Turk has posted a new update over at GoldMoney. If you don’t keep up with his updates regularly, you should. You can sign up by email to be notified of new alerts. He usually releases one every two weeks, unless something major happens in the meantime.
This time, he’s posted a shocking chart [...]
Following the IndyMac failure, America’s second biggest bank failure, many people online have been talking about whether they should take their money out of the bank and put it somewhere else. Others have been asking about what’s happening: are banks really failing, and what does this mean?
For younger people, and for those who haven’t [...]
A few people I have talked to have been wondering about how they can invest in gold. Well, as Jim Rogers once said – once your local newspaper starts talking about how the dog next door just got started in commodites, then it’s probably time to get out. I’ve read more [...]
