There has been much buzz in the past few days about a truly horrible idea. Instead of having to negotiate with Congress to raise the debt ceiling so the Treasury Department can sell more bonds to pay for more spending, why not just mint a trillion-dollar platinum coin? This coin would contain one ounce of […]
Keith Weiner discusses Gold and Silver Manipulation with Lauren Lyster on Capital Account.
Last Friday, I was interviewed on Capital Account with Lauren Lyster. We discussed one of the more popular conspiracy theories regarding gold price manipulation. The claim is that a banking cartel is surreptitiously suppressing the price of gold by selling contracts short “naked” (i.e. without having the metal to deliver) in the futures market. We […]
Distortions and Deflation There is an interesting article on Zero Hedge with commentary by Bill Gross. There are two take-home points that I’d like to look at: 1. Investment decisions are distorted by low interest rates 2. Is “deflation” a rising dollar or debt defaults? It seems that corporations actually consider the rate of interest […]
We now see who are “millionaires and billionaires” in practice. They are individuals with income over $400,000 or married couples with income over $450,000. Their top tax bracket rises from 35% to 39.6%, an increase of 13%. The capital gains tax rate goes from 15% to 20%, an increase of 33%. The temporarily reduced payroll […]
New Years Resolution: Measure your net worth in Gold.
The last workweek of the year is complete. Beers were had with friends yesterday, Friday evening. The final shopping trip to the mall was completed today, followed by a good meal with my wife. Now I find myself in a reflective mood, and this is a perfect time to reflect on what an incredible year […]
It is now the second anniversary of a campaign to “crash” JP Morgan by encouraging people to buy silver (see max Keiser http://www.youtube.com/watch?v=H4IBUTHyROs). The idea is that JP Morgan has a large naked short position in silver. If people buy physical silver it will drive the price up and deprive JP Morgan of the metal […]
Dear Mr. Price: I read your piece: “On the Use of Gold Coins as Money” (http://www.plata.com.mx/mplata/articulos/arti…iidarticulo=196). I think you ask the right question. This is the elephant in the room. Why do gold and silver not circulate? I love your analogy of the Swiss asserting that they will “allow” gold to have a monetary role, […]