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~ Quotables ~ "There is no clean way to make a hundred million bucks. Somewhere along the line guys got pushed to the wall, nice little businesses got the ground cut out from under them. Decent people lost their jobs. Big money is big power, and big power gets used wrong. It's the system."~ Raymond Chandler, The Long Goodbye
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Category Archives: The Price is Right
January 22, 2013 ~ The supply of gold is largely misunderstood. According to MSM, gold supply is what is mined every year and brought to market – about 2,500 tonnes. This is a big mistake. The supply of gold is … Continue reading
As I was shuffling papers in some old files, I came across a slip of paper on which I had written down the price I had paid for a Mexican $50 gold peso coin: $717 Mexican pesos. Judging from the … Continue reading
Mr. President Trump, Sir: you are working tirelessly, against tremendous odds, to carry out your mission in life, which is to “Make America Great Again”. I propose to you a measure fully in accord with your vision of a great, … Continue reading
Nicolas Oresme, a Catholic bishop (1320-1382), studied human behavior with regard to money, which in his time consisted of gold and silver coinage; he was perhaps the first to observe that humans attribute varying valuations to the money that comes … Continue reading
Why don’t humans use gold coins as Money? The answer is quite simple: because they don’t want to, under present circumstances. The attachment of humans to gold is remarkable; I suspect there is something metaphysical about gold that attracts human … Continue reading
Money, in its highest manifestation, is gold. However, silver can also be money, though not as aptly as gold. Money is, has always been, and always will be a commodity. Bitcoins, as well as Dollars and all other currencies today, … Continue reading
Some people think that one of the fundamental institutions of the 19th century should be restored; I will single out Great Britain as the great leader embracing this institution. This institution was the free minting of gold practiced by Great … Continue reading
“If the U.S. inflates and devalues the dollar, gold will go much higher in price“ ~ Jim Rickards. The last dollar devaluation took place under President Roosevelt in 1934, when from being worth 1/20.67th of an ounce of gold in … Continue reading