A reader has asked about a gold revaluation: Does revaluing gold to $10k usd with all the major countries make sense? The US government wants the usd to remain the world’s reserve currency, but it has a very high government debt to GDP ratio. Historically, nations with a >90% ratio end up collapsing. If all […]
Tag Archives: monetary system
Last week Russia’s central bank announced a major change. It will now purchase gold from local banks at a fixed price. What are the implications on the gold price of this move? Kitco reported: …the Russian central bank will pay a fixed price of 5,000 roubles ($52) per gram between March 28 and June 30, […]
Hugo Salinas Price – our favourite billionaire – shares a number of stories from Mexico’s history to make the point that unbacked fiat money serves to corrupt a society. As Chris Powell of GATA puts it so well: “Salinas Price essentially supports the British economist Peter Warburton’s conclusion that a primary objective of central banking […]
Hugo Salinas Price has some more thoughts on the wider implications if China really does start an oil futures contract that is convertible to gold. He believes that oil sellers won’t be the only ones interested. Because as the gold price rises from increased demand in the oil trade, other sellers of commodities will likely also want […]
Did you hear about the recent massive hack of the US credit checking agency Equifax that exposed half of the US population? It is just one of the many online breaches in recent years (see the list below). With today’s ever increasing technological advances, comes ever increasing risks of cybercrime. Of perhaps even more concern […]
In Part 2, Hugo Salinas Price gets into the specific calculation of how high gold will have to rise if indeed China do implement a oil futures contract that is convertible into physical gold…. Check out part 1 here first if you haven’t read that yet: Prospects for Gold if China Issues Oil Futures Backed by […]
Some interesting news broke this week concerning the latest developments in the dethroning of the US dollar as in the world’s reserve currency system. Dave Kranzler of Investment Research Dynamics comments on the news from Nikkei Asian Review that China is preparing to release a yuan-denominated oil futures contract that is convertible (backed by) physical gold. […]
What We Stand For and Why Last week we announced some planned improvements and new services here at GoldSurvivalGuide. Many of these new features have come about as a result of feedback from you. This feedback included many compliments on our research and articles. So this has lead us to get clearer on exactly what we […]
Here’s our summary of Jeff Berwick’s (Chief Editor of The Dollar Vigilante) keynote presentation at the Sydney Gold Symposium last month. It was entertaining to say the least. As like his mentor Doug Casey he’s not afraid to call it how he sees it, and smoke where he shouldn’t… The End Of The Monetary System […]
A.K.A. A Timeline of America’s Decline Here’s an informative video if you’d like a fast run down on the history of money in the United States over the past 2 and a bit centuries since the writing of the US constitution. And why the monetary system will eventually lead to the USA’s downfall. It covers […]
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