Money and Finance
From The Great Depression: A Diary. These quotes are from November/December of 1931:
- Gmo Emerging Thoughts: Present And Emerging Risks To The Gold Trade - By Amit Bhartia And Matt Seto
The notion of gold as a hedge against systemic risks is flawed. We believe that the concept of gold’s role as an insurance policy needs to be narrowed significantly. Last year we argued that relying on conventional wisdom to analyze gold price movements...
- Gran Colombia Gold Corp. (tsx:gcm)
For those that may be interested in a more speculative gold play (traded in Canada and on the Pink Sheets under the symbol TPRFF), below is an excerpt from Chris Mayer’s book, World Right Side Up. The book was published in early 2012, so I’m not sure...
- Near Record High Gold/xau Ratio Prompts Buying In Gold Equities
While the yellow metal has declined considerably in recent months, gold equities have continued to fare even worse. With today’s sell-off in precious metals, the ratio of the price of gold to the Philadelphia Gold & Silver Index (XAU) reached another...
- Barron's Q&a With Jim Grant: Gold Still Looks Good; Japan Still Doesn't
The editor of Grant's Interest Rate Observer on gold, gold stocks, the gold standard and why he's stopped investing in Japan. When Jim Grant left Barron's in 1983, after inaugurating the Current Yield column, bonds already had ended their...
- Alan Greenspan Article From 1966: Gold And Economic Freedom
Interesting – in light of everything that has happened since it was written – article by Alan Greenspan from over 40 years ago. Thanks to Jason for passing it along. Under a gold standard, the amount of credit that an economy can support is determined...
Money and Finance
Benjamin Roth quotes (gold standard)
From The Great Depression: A Diary. These quotes are from November/December of 1931:
“During past week wheat went up from 40¢ to 80¢ per bushel. Stocks also push up and claim is made that in 1873 and in 1893 the turn for better came with the rise in wheat and the removal of fear that U.S. would go off gold standard. There seems to be little danger of this.”
“Japan is practically at war with China and Russia and ignores League of Nations warning. In past month Japan sent 75 million gold to U.S. presumably in preparation for purchase of war munitions.”
“Russia-China-Japan seem to be actually at war with over 1000 killed to date and the League of Nations seems helpless. Because of this war scare the price of wheat and of silver has trebled in the past week. All of these countries are on a silver basis.”
“The bi-metalism argument rages hot. Bryan advocated a ratio of 16 to 1 but at present the ratio of 22 to 1 is being advocated. At present prices silver is about 70 times cheaper than gold but its price is rising due to buying of Japan and China.”
“According to this morning’s paper the new Japanese government abandons the gold standard. This makes a total of 15 countries that have gone off the gold standard. France and U.S. are the only 2 large countries remaining on the gold standard.”
- Gmo Emerging Thoughts: Present And Emerging Risks To The Gold Trade - By Amit Bhartia And Matt Seto
The notion of gold as a hedge against systemic risks is flawed. We believe that the concept of gold’s role as an insurance policy needs to be narrowed significantly. Last year we argued that relying on conventional wisdom to analyze gold price movements...
- Gran Colombia Gold Corp. (tsx:gcm)
For those that may be interested in a more speculative gold play (traded in Canada and on the Pink Sheets under the symbol TPRFF), below is an excerpt from Chris Mayer’s book, World Right Side Up. The book was published in early 2012, so I’m not sure...
- Near Record High Gold/xau Ratio Prompts Buying In Gold Equities
While the yellow metal has declined considerably in recent months, gold equities have continued to fare even worse. With today’s sell-off in precious metals, the ratio of the price of gold to the Philadelphia Gold & Silver Index (XAU) reached another...
- Barron's Q&a With Jim Grant: Gold Still Looks Good; Japan Still Doesn't
The editor of Grant's Interest Rate Observer on gold, gold stocks, the gold standard and why he's stopped investing in Japan. When Jim Grant left Barron's in 1983, after inaugurating the Current Yield column, bonds already had ended their...
- Alan Greenspan Article From 1966: Gold And Economic Freedom
Interesting – in light of everything that has happened since it was written – article by Alan Greenspan from over 40 years ago. Thanks to Jason for passing it along. Under a gold standard, the amount of credit that an economy can support is determined...