Why Do People Say “Gold is Money”?
History, economic theory, and empirical evidence: three arguments supporting gold as the purest form of money.
Economics of Gold
Semiconductors, Medicine, and Telescopes: Industrial Uses of Gold
We are all familiar with gold’s visual beauty, which made it the precious metal of kings and emperors for thousands of years. Today, this illustrious yellow metal is no longer reserved for royalty. You rely on gold every day, as does anyone who takes advantage of modern electronics, dentistry, medicine, and…space travel?
Why Does Fiat Currency Fail?
Fiat currencies rule the world, despite their shoddy track record over the last 100 years. What can we learn from fiat currency collapses in recent history?
History of the Gold Standard in America
To understand the history of US monetary system, we must grasp the role of its central protagonist: gold.
How Does Quantitative Easing Impact Gold?
The long-term risks of quantitative easing, including eroding the credibility of the US dollar, are closely linked to gold's performance.
History of Hard Money: Japan’s Lost Decade
In the 1990s, Japan’s economy crashed after a frenzy of debt, speculation, and easy money. Japan’s lost decade now stands as a dire warning to modern economists.
Gold vs. Money Supply
History is clear: when the money supply increases, the gold price follows. The more dollars are printed, the more can be stuffed into the earth’s limited supply of gold.
History of Hard Money: The Denarius and the Fall of Rome
When Matthew wrote his gospel in 85 AD, one pure silver Denarius covered the daily wages of a skilled Roman craftsman. Three hundred years later, the coin had been reduced to a worthless scrap of copper alongside a crumbled empire.
History of Hard Money: The Mississippi Bubble
If you happened to be walking around Paris from 1715 to 1722, you would have encountered one of the first experiments with paper money, centralized banking, and fractional reserves.
The Gold Supply Chain: How Does it Work?
The gold supply chain has generated vast riches, strengthened the global economy, and shaped civilizations. Let’s take a look at how the supply chain functions today.