Gold, Silver, & other Metals

The Very Brief Phenomenon Of The Gold Standard

By Dr. Bryan Taylor: Europe was on a bimetallic standard, not a Gold Standard, from the Middle Ages until World War I. Gold triumphed in the 19th century because bimetallism had failed. This should have been taken as a sign that the gold standard too would inevitably fail.

Gold, Molotov Cocktails, Rubber Bullets, And Teargas: A Rift In Greece

A Greek economist’s terse sarcasm: “GDP has decreased by €47 billion in the last five years. Economy is expected to contract by 3.8% in 2013, the 6th straight year of recession! Unemployment has reached 24.7%. Youth unemployment… 55.4%! No worries though—we have the sun, the sea, our cultural background.” And GOLD.

The Japanese Are Dumping Their Gold

In Japan, people who are old enough to have lived it as adults still reminisce about the bubble that blew up in 1989 when the Nikkei almost hit 40,000 (now 9,045) and when the sky-high prices of real estate could only go up further. The slide from top to reality has been brutal, and a lot of people lost their shirts. But there has been one investment that has worked out phenomenally well for the otherwise hapless Japanese investor: Gold.