How Gold-As-Money Can Prevent Mob Rule

Ellen Kelleher, writing for The Financial Times, opens her article with how Baird & Co., in their warehouses in London, purify gold by heating it to molten form to make “medallions, bars, and rings,� which sounds like a lot of heavy, hot, back-breaking, dangerous work to me, as if the word “work� was not bad enough by itself with the terrifying adjectives.

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Print Money and Be Damned!

Japan was the world’s most admired economy in the ’80s. Then it was the world’s most despised economy in the ’90s. By 1995, economists pointed their fingers and laughed – the world’s most admired businessman had lost his left shoe.

But now, much of the world is barefoot. The US inflation rate has been going down since the early ’80s and was cut in half since last year. It now hovers barely above zero. Surely Japan – where prices have been falling for two decades – has something to tell us. As we pointed out last week, the Nipponese have been in decline for the last 20 years – with lower stock prices, falling real estate prices, and a falling GDP. Even the population has been sliding for the last five years

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Another Chinese Resource Grab

The stakes just got higher in the 3-D chess game China’s playing for natural resources. On one dimension, the Middle Kingdom is on the offensive. But on another, it’s playing strictly defense…

Beijing is ordering state-owned businesses to explore a bid for PotashCorp (POT), the Canadian fertilizer giant that’s already fending off a hostile bid from BHP Billiton, the Anglo-Australian mining giant.

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India’s Gold Bull Market

Due to a sharp decrease in foreign exchange reserves following the Indo-China War in 1962, the government of India enacted the Gold Control Act.

This legislation made the private ownership of gold bullion illegal and created a huge black market for the yellow metal.

The Gold Control Act was repealed in 1992 after Indian government needed to sell 40 tonnes of the country's gold reserves to deal with more forex problems that had the country on the verge of default.

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Gold-Mining Margins

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Fed Vows to Maintain Public Financial Health

Extend and pretend…

That’s the government’s way of handling the crisis. Extend credit and cash to those who don’t deserve it. Then, pretend that everything is okay…

But the problems don’t go away. They just get stretched into the future…

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How Will Census Workers Affect the Jobs Report?

It was a ping-pong day for the currencies, back and forth over the net… The net being the “level of the dayâ€�… For instance, the Aussie dollar (AUD) played over the 91-cent net all day, and the euro played over the 1.2820 level all day.

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Member Contest: Free Bullion

As promised, Bullion Bulls Canada is pleased to announce two contests for our members, with free bullion being awarded to contest winners.

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How Japan and Switzerland Could Reshape the Currency Markets

Japan and Switzerland are facing the same threat to their economic health. And so far, every step they’ve taken to make things better has only made them worse.

But there is one way they could conceivably get out of this mess. And even though no one is talking about it yet, a mere hint of the possibility could send China-sized shockwaves throughout the global currency markets.

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Monthly Markets Review: Risk Aversion Rises in August as Double Dip Concerns Grow

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