SovereignLife Freedom Blog » Money

Oil For Gold?

David MacGregor — Tue, 24 Jan 2012 20:01:20 +0000

If this report is true – that India will pay Iran in gold for its oil – then it has huge ramifications for the US dollar and paper money in general.

India to Buy Iran Oil in Gold Not Dollars

And also on this news clip from RT:

The Mystery of Money Creation Explained

David MacGregor — Wed, 26 Oct 2011 03:29:15 +0000

In these days of economic tribulation the public is increasingly aware of what’s going on and becoming more informed as a result of mass communications. However, one area still presents difficulties for most people – the question of how currency is created.

And yet this is a critical question, because understanding this provides insight as to why we’re having escalating debt problems, and why “business as usual” will simply not work any more.

If you’ve ever wondered about the mysteries of banking and currency creation, then you simply must watch this short video by Rich Dad Advisor, Mike Maloney, as he explains how currency is created and why the whole system is one big ponzi scheme that is destined to fail.

We Pay Tax For The Privilege to Have Currency

Why Gold is Not in a Bubble

David MacGregor — Mon, 24 Oct 2011 07:05:34 +0000

I have heard the comment often, that gold is in a “bubble” and that its current price correction is a reflection of that fact. Well, I don’t buy that line of reasoning. Gold is clearly not in a bubble – because so few people own it. But more importantly, whether it’s in a bubble or not depends on what gold is.

Is it merely a commodity, or is it in fact money. If it is money, then talk of a bubble seem ludicrous, as we don’t talk of the EUR, JPY or USD being in a “bubble”. Assets bubbles are common of course – like housing. But if gold is being treated more and more like money, then a bubble is the last thing you need to worry about.

For a really good insight into this line of thinking I recommend you read this article by Nick Barisheff, president and CEO of Bullion Management Group Inc.

Gold is Not in a Bubble: It’s on its Way to $10,000 an Ounce

Is The US Monetary System About to Collapse?

David MacGregor — Thu, 22 Sep 2011 06:55:09 +0000

Ten years ago, very few people knew that the money we use is created out of nothing, based on nothing, and ultimately worth nothing – if politicians get their way.

The problem with fiat money – money by government decree – is that under a democracy, where politicians get elected by promising goodies to the electorate, there is a constant temptation to create such money to fulfill the promises. Or to put it another way, there are only three ways for the government to pay for things – with taxes, from loans, or with newly created money.

Money creation, of course, leads to inflation – or more correctly, the devaluation of the currency.

Social welfare programmes, unending wars, and rampant wastefulness seem not to bother our leaders – because they know that all can be financed by “funny money” – bits of paper with faces on that the government guarantees is good for the payment of debts and taxes!

In the current economic environment the ability to raise taxes or borrow money is severely constrained – leaving only one option – to create money out of thin air.

One of the wonders of the modern age – the internet – is responsible for a quantum increase in people’s awareness and perceptions – including their increasing understanding of what money is, and isn’t.

For an excellent overview of what money is and why it’s getting us into trouble, I urge you to read David Galland’s essay:

Is the US Monetary System on The Verge of Collapse?

How to Get Money And Keep It

David MacGregor — Sat, 03 Sep 2011 03:55:02 +0000

Doug Casey reveals how…

Where to Hide Your Money

David MacGregor — Fri, 02 Sep 2011 06:05:36 +0000

Here’s an interesting collection of the 10 best ways to hide your money. They’re referring to the paper variety of course, but perhaps you could stash some silver or gold in some of the suggested places also

Top 10 Crazy Places People Hide Money

Fear Mania Comes to Gold

David MacGregor — Fri, 26 Aug 2011 01:46:46 +0000

Is the gold mania here?

Jeff Clark takes a closer look …

A Swiss Gold Franc?

David MacGregor — Mon, 15 Aug 2011 02:59:23 +0000

For those of us who would dearly love to have access to sound free market money – not political toilet paper money – there are some interesting initiatives on the horizon. One is the strong likelihood of the issuance of an alternative money in Switzerland – the Swiss Gold Franc.

The Daily Bell interviews Thomas Jacob about this project.

Is $1750 Gold Too Expensive?

David MacGregor — Wed, 10 Aug 2011 11:27:42 +0000

Well, that depends on how you feel about the paper money in your hand losing value.

As noted by Jeff Clark, the USD has lost 25% of its value since the year 2000. Now, imagine if it loses that much value in the next two years? Not impossible to imagine. And such a scenario would set up a incentive to buy gold at “any” price:

When Buying Gold Becomes a Life-or-Death Question

Where is Gold Going?

David MacGregor — Sat, 30 Jul 2011 10:51:28 +0000

While paper currencies are continuing to flounder, gold is flourishing.

I can recall, just a few months ago, how a friend told me it was “too late” to buy gold, because it had already become “expensive”.

Not true. Gold will continue to rise as long as paper currencies continue to be devalued. Many analysts are openly saying that gold could easily go to $5,000 an ounce during this bull market. And some are even suggesting much higher figures.

Meanwhile, more and more analysts are talking bullish on gold – as Jeff Clark points out in this interesting roundup of current gold commentary:

The Buzz Around Gold is Growing Louder