The following is for the gold bugs – succinct and to the point: Some people would assert that if governments were prepared to accept monetary discipline there would be no need for gold, but this is rather like the statement that if there were no sin there would be …
Read More »Nuclear is New (Again) Part 2
“There are no easy choices. Easy choices are long gone.” Alan Greenspan, on the Deficit 03/11/05 We have seen a considerable number of new junior companies created in the last year to take advantage of the resurgence in uranium and nuclear interest. But will these new juniors significantly add to …
Read More »Nuclear is New (Again) Part 1
When gold argues the cause, eloquence is impotent. Publicus Syrus, 1st Century BC This following has nothing to do with mining, but it struck a chord with me and will I suspect with many readers… “Behind the success of plausible denial [in accounting] is an already longstanding North American disconnection …
Read More »The Squeeze
You have to choose (as a voter) between trusting to the natural ability of gold and the natural stability and intelligence of the government. And with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold. George Bernard Shaw You can …
Read More »Who Wants to be a Billionaire?
“Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By …
Read More »Gold Manipulation – Nothing New Under the Sun
“The fact that their scheme might bankrupt innocent men, destroy commerce, ruin the country’s standing in the world credit markets, and cover themselves with scandal never entered the conversation”. – The Gold Ring A small clique of speculators, industrialists, and bankers, aided and abetted by a few Washington insiders and …
Read More »Running with the Bulls
As part of my summer reading I delved into 3 books: “Irrational Exuberance” by Robert J. Shiller, “The Bubble and the Bear – How Nortel Burst the Canadian Dream”, by Douglas Hunter and recently, “Adventure Capitalist” by Jim Rogers. As well, I attended the NY Gold Investment Show at Times …
Read More »Funny Money
The following words were written in 1976! “To consider what is immediately practicable as well as desirable, we believe that it would be very unwise for any country or for the IMF to pursue policies (e.g. large gold sales or purchases) that would cause big fluctuations in the world gold …
Read More »Daytrading in Bubblelandia, 77 years ago
It’s a sure thing I’m tellin yer,’ said the man again and again, bringing his face close to Ed Thatcher’s face and rapping the desk with his flat hand. ‘Maybe it is Viler but I seen so many of em go under, honest I don’t see how I can risk …
Read More »Bull Riding Ain’t Just for Texans
It never fails to amaze me; the material that passes for informed financial journalism these days. Most of it is complete fluff – the worst of it is actually hazardous to your financial well-being. The gold story continues to be dumbed-down into bite-sized, easily-digestible morsels by the mainstream media. This …
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