gold price chart
How Is Dr Copper Feeling
Copper is sometimes referred to as “Dr. Copper,” because the metal is used in so many industrial applications and is essential for many different sectors of the economy, from infrastructure to housing to consumer electronics. That usually makes its price action a good indicator of the state of the global economy.
The chart below illustrates the degree to which copper follows economic health – as opposed to gold, which is a traditionally a contra-cyclical commodity. Have a look.
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The Gold Standard: What Do We Think About it?
200 Years of Monetary History
There have been a number of monetary systems in place in the past 200 years. And the below infographic from GoldMoney gives a visual representation of how the global monetary system has operated and differed for the last 2 centuries.
[Click image to enlarge]
The classical gold standard sometimes referred to as the gold coin standard is in our opinion the best of the government instigated gold standards of the past 200 years. You could cash in your paper money for defined amounts of gold. Click the image above to read a full description of it and other systems.
The Unadulterated Gold Standard
The classical gold standard is perhaps also most similar to what The Gold Standard Institute (TGSI) refers to as the “Unadulterated Gold Standard”. Although not strictly one and the same. Rather we’ll leave it to the TGSI’s Phillip Barton to explain one of the chief benefits of the unadulterated gold standard:
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How Will it Affect New Zealand Precious Metals Prices and the NZ Dollar?
What do Buzz Lightyear from Toy Story and Ben Bernanke have in common?
“To Infinity and Beyond” is their shared catch phrase it seems.
With the US Federal Reserve’s Chairman’s announcement last week of open ended quantitative easing (QE), Jim Sinclair’s (of JSmineset.com) long time call of QE to infinity seems to now be in play.
Or as we saw written cleverly somewhere QEternity!
So consider getting yourself a Ben Bernanke “To Infinity and Beyond!” T-shirt or mousepad like these from Cafepress to commemorate the sad occasion.
But besides finding T-shirts what else have we been up to?
Well, considering what impact all this quantitative easing (QE) will have on little old New Zealand of course? Actually let’s call it what it is though – money printing plain and simple.
What Exactly is QE3?
Firstly what exactly is Bernanke doing? Well, each month he’ll create money out of thin air to buy $40 billion dollars worth of mortgage backed bonds with a view to somehow bringing down the US unemployment rate. This is on top of the $45 billion per month of longer maturity bonds they are already buying for Operation Twist. And importantly he’ll keep doing it until the US labour market improves. Never mind that the previous two versions of money printing did little to improve the US unemployment levels. So it beats us how it will work but here’s Bernanke theory for what it’s worth:
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Prof Fekete Interviewed by Max Keiser Part 2: Silver Conspiracy
Last week we posted the first part of this Keiser Report video interview with Professor Antal Fekete.
So below is the part 2, which focuses more on silver than gold this time. Max Kesier manages to cover a fair bit of ground with the Professor in this interview also. Including:
- How it took from 1879 -1935 to end the use of silver as money the world over. And how this wasn’t a natural occurrence.
- How it was likely a conspiracy between bankers and the government that caused the death of silver as money.
- Why what the world really needs is not a bimetallic monetary system (where gold and silver are at a fixed price) but a system with gold and silver where the market decides how they are valued.
- How the inflation when the sovereign bond bubble burst will come all at once and only at the very end.
- Difference between Menger and Von Mises in terms of Austrian economics.
Candidates for 2013 Gold Stock of the Year
While gold stocks have underperformed the metal itself for the past 18 months or more, Casey Research’s Jeff Clark believes this won’t last forever. Here’s 5 factors to bear in mind with regard to gold stocks. And if you want help with point 3 (buying physical gold) you know here to find us!…
Candidates for 2013 Gold Stock of the Year
By Jeff Clark, Senior Precious Metals Analyst
Is your precious-metals portfolio ready for 2013? We want to get positioned in the best performers ahead of the industry’s next big move to maximize profit while minimizing risk.
Some readers may question if gold stocks really have snapped out of their funk. We could discuss this topic for many pages, but the bottom line for us at Casey Research is simple: if you believe gold and silver prices are going higher, then equity prices will follow.
Buy Gold and Silver Bullion Now 