Vivvo CMS 4.1 http://www.capitalismmagazine.com/ Capitalism Magazine 15 ©2010 Spoonlabs d.o.o. http://www.capitalismmagazine.com/files.php?file= http://www.capitalismmagazine.com/ http://www.capitalismmagazine.com/economics/gold-standard/6614-investor-insight-peter-schiff-on-the-gold-pullback.html Gold Standard Fri, 07 Oct 2011 17:13:00 +0000 It's important to understand the fundamental reasons for owning gold, and those reasons have not changed. a2bcdd71dc6571b1211a6610b4e98b7f http://www.capitalismmagazine.com/economics/gold-standard/6521-gold-is-the-true-reserve-currency.html Gold Standard Thu, 04 Aug 2011 16:37:00 +0000 Adding fuel to the gold fire is the recent debt deal reached in Washington. The disgusting agreement virtually assures that over the next decade the U.S. will add an additional $8 trillion in public debt, an increase of nearly 80% in ten years! The back-end-loaded deal will cause the amount of deficit reduction to be just $21 billion in 2012 and $42 billion in 2013. 28d2809d9c7d65a83405aa2916cf8bb4 http://www.capitalismmagazine.com/economics/gold-standard/6516-gold-and-silver-beyond-the-limit.html Gold Standard Fri, 29 Jul 2011 04:12:00 +0000 While I have little doubt that the ceiling will be raised, my readers have been curious as to the implications for gold in each of the debt and "default" scenarios possible after August 2nd. This month, I'll outline how each outcome could affect the price of gold and silver. ac1942a612a7d1a7b5a383daefbb443c http://www.capitalismmagazine.com/economics/gold-standard/6183-%EF%BB%BFmore-stimulus-means-fewer-jobs.html Gold Standard Mon, 06 Dec 2010 23:05:00 +0000 Politicians cannot create economic growth at will simply by doling out money. 2152e9498cdd2e2d3b0f10a87351f776 http://www.capitalismmagazine.com/economics/gold-standard/6182-the-confiscation-con.html Gold Standard Tue, 07 Dec 2010 23:00:00 +0000 If the situation really gets this bad, you aren't going to trust some government agent with the intelligence of your average TSA officer to judge whether your coins are "numismatic" enough to be exempt from confiscation. 857ad6ef080d102c4de81426a10c98ad http://www.capitalismmagazine.com/economics/gold-standard/6146-gold-s-allure-tied-to-interest-rates.html Gold Standard Wed, 17 Nov 2010 17:16:00 +0000 The truth is the main drivers for the price of gold are the level and direction of real interest rates and the intrinsic value of the dollar. 91fb3b36d79df127bef1bf82c50e49d6 http://www.capitalismmagazine.com/economics/gold-standard/6316-morgan-opens-gold-window.html Gold Standard Mon, 28 Feb 2011 12:00:00 +0000 Morgan is telling the world that gold is gaining greater traction as a medium of exchange. eb46503e19e940037fcb206d20bf6007 http://www.capitalismmagazine.com/economics/gold-standard/5339-gold-and-a-free-market-the-solutions-to-our-financial-crisis.html Gold Standard Fri, 31 Oct 2008 05:00:00 +0000 Ayn Rand observed decades ago that "one of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary." 557528a1942a0640e515001ad74d1618 http://www.capitalismmagazine.com/economics/gold-standard/5322-in-defense-of-the-barbarous-relic-why-the-enemies-of-capitalism-smear-the-gold-standard.html Gold Standard Thu, 16 Oct 2008 05:00:00 +0000 The gold standard did not fail. The governments were eager to destroy it, because they were committed to the fallacies that credit expansion is an appropriate means of lowering the rate of interest and of "improving" the balance of trade. What the expansionists call the defects of the gold standard are indeed its very eminence and usefulness. It checks large-scale inflationary ventures on the part of governments. 87ae27841e1f0e1ceba4de1e9fab1b88 http://www.capitalismmagazine.com/economics/gold-standard/1685-greenspan-returns-to-barbarous-relic-gold.html Gold Standard Wed, 05 Feb 2003 06:00:00 +0000 The last time that gold was above $370 was December 6, 1996. Students of military history won't find that date significant, but Fed-watchers will. That was the day following Alan Greenspan's speech in which he first warned of "irrational exuberance" in the stock market. And it was the day that Alan Greenspan took America off the gold standard. fb8962fe53a9db49d00e93904d71dd67