Gold standard

Does gold go on vacation? I don’t know, but I am going for sure. But before that happens, I encourage you to read another special edition of the Gold News Monitor from Auburn, Alabama . . . .

Republican Congressman from West Virginia Alex Mooney has proposed a bill “to define the dollar as a fixed weight of gold.” The problem is that the US may not have enough physical gold to back the greenback, an expert tells RT . . . .

The US dollar has been dominant as the global reserve currency for a century. It was backed by gold, and the phrase, “good as gold,” had a literal meaning . . . .

I’m very impressed with the recent gold action because it’s holding its own in the face of an impending rate hike. It’s fallen off a bit, but not dramatically. It tells you there are good fundamentals behind it, independent of the threat of a stronger dollar . . . .

The following is an interview with former US Federal Reserve Chairman Alan Greenspan . . . .

Debt issued behaves like printed money until that debt is payed back.  That’s the dirty little secret that bona fide economists don’t discuss, at least in public . . . .