With global uncertainty on the rise, and a potential dollar crisis, a well known silver mining CEO has launched a new resource acquisition company.
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Gold
Gold Standard More Popular than Federal Reserve For Good Reason
At the Jackson Hole Economic Summit the American Principles Project demonstrated that the people can’t be fooled in the long term by monetary magic forever. In a national poll by McLaughlin & McLaughlin 1,000 respondents were asked if they would support the Gold Standard in the United States. 39% replied yes, 15% replied no, and 46% were undecided. That is more than a 2:1 ratio for favorability.
These results and the margin between approve and disapprove are better than recent polls on the Federal Reserve or its recent leaders as shown in recent Gallup polls over the last two years: Negative on the Fed and its leaders are very high, while negatives on Gold are very low.
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Jackson Hole Fed Summit: A Failing Long Term Fed Report Card
From its founding until the beginning of the 20th century, the United States went from a non-economy to being the world’s largest and wealthiest economy. It achieved this feat on the gold standard mostly, with no central bank, (except for 36 years), and with little or no central planning.
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Jackson Hole: Fed Dithers But Left & Right Agree on Improving Economy
Jackson Hole — This town in Wyoming just hosted three economic events: The Federal Reserve Bank of Kansas City’s annual Jackson Hole retreat and two others to respond to the Fed’s mismanagement the economy: the Fed Up group, demonstrating against increasing interest rates, and the American Principles Project (APP).
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Claim: Poland’s Lost Nazi Gold Train Found in Tunnel Built by POWs
Two men claim to have found a train laden with Nazi gold and gems which has been the subject of rumours and myth for decades. The duo have hired a lawyer and are asking for 10 per cent of the value in return for giving up the location. According to local legend, in late 1944 or early 1945, as the Red Army advanced across Poland and into Germany, authorities in the Lower Silesian capital of Breslau (now Wroclaw) collected several tonnes of gold bullion and other valuables from the city’s residents, loading it onto a train with the intention of shipping it further within the territory of the Third Reich. But the train never arrived at its destination and has not been heard of again. One story gave the resting place of the train as an underground siding near the 13th Century Ksiaz Castle. Another locates it in the hills near
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Greeks Can’t Tap Cash, Gold, Silver In Bank Safety Deposit Boxes
– Greek capital controls also prevent access to contents of safe deposit boxes – Restrictions on safe deposit access doesn’t protect banking system unless contents confiscated – Readers should heed warnings by Marc Faber and Ian Spreadbury of Fidelity – Important to own assets outside banking system and not in bank safe deposit boxes – […]
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Bail-Ins Coming – GoldCore Interviewed By Financial Repression Authority
– Governments move toward ever greater financial repression – Repression includes suppression of rates, capital controls, outlawing of cash and bail-ins – Finance ministers discuss cashless society, giving banks total control over public’s money – Bail-in legislation is at advanced stage internationally – Bail-ins coming to indebted western nations – question is when … – […]
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Growth of Chinese Margin Accounts Drove Bubble – Now Drives the Crash
– Restrictions on borrowing to speculate were eased in 2010 – Middle class savers gradually saturated the market trading on leverage – Market crash began as government tried to reign in leverage in overheated markets – Leverage amplified gains on the up-leg, amplifies losses on down-leg forcing further sell offs – Policy u-turns could not […]
The post Growth of Chinese Margin Accounts Drove Bubble – Now Drives the Crash appeared first on GoldCore Gold Bullion Dealer.
Growth of Chinese Margin Accounts Drove Bubble – Now Drives the Crash
– Restrictions on borrowing to speculate were eased in 2010 – Middle class savers gradually saturated the market trading on leverage – Market crash began as government tried to reign in leverage in overheated markets – Leverage amplified gains on the up-leg, amplifies losses on down-leg forcing further sell offs – Policy u-turns could not […]
The post Growth of Chinese Margin Accounts Drove Bubble – Now Drives the Crash appeared first on GoldCore Gold Bullion Dealer.
Leveraged Chinese “Investors” Learning Painful Lesson
– Shanghai Composite has lost over 32% of its value in less than month – Investors selling on “panic sentiment” – Persistent intervention by government agencies has failed to support market – Market has doubled over past year while real economy struggles – Chinese Market had been boosted by participation of market-illiterate savers – May […]
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