In a recent Bloomberg article about Zimbabwe, a novel idea about bringing that country’s inflation down to a manageable level was cited: backing the Zig, the Zimbabwe currency, with gold from their gold mines. What bothers me is that backing Gold with a nation state’s paper money is a time tested strategy that has worked …
Category Archives: Precious Metals
Send the Treasury Secretary
We passed the basket as we do every day at our meeting. A man who I had not seen at the meeting before, came around to me as I was sitting next to the treasurer and handed me a coin as the treasurer was busy counting the paper dollars contributed. I looked at the coin. …
Tick Tock Knock Knock Debt Clock
I’ve consolidated hours of watching and listening to YouTubers interested in money and like the information found on their respective channels. I believe these graphics are worth several minutes of paragraphs of reading, and my help in getting a snapshot of where we are with Jerome and Janet going up the hill to fetch a …
Gold Wake Up Rally
The time to stack never closes, but the volumes of precious metals moving off of western exchanges is historically breathtaking. Jamie Dimon got caught with Nickel futures recently, and in my opinion, a similar crack-up boom may be coming for silver, maybe gold. One good source of accurate and calm analysis of gold mining production …
The Dao of Doug: A Bus Driver's Perspective 