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I am currently reading Murray Rothbard's "What Has Government Done To Our Money? & The Case for a 100 Percent Gold Dollar". I recently came upon a curios passage that states the following: "I need not go through the familiar but fascinating story of how gold and silver were selected...
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Mining stocks might be a bad idea, what's the consensus about Canadian energy trusts? Those sound like a good inflation hedge.
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@ meambobbo What a fantastic and highly detailed response. Thank you kindly, your time and knowledge is very much appreciated . There is a lot to 'chew over' in those replies! Allow me some time to crunch up those points in my mind and I'll get back to you with some more questions if need...
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Point taken. However I'm not debating the form and makeup of a state, or indeed the virtues of anarchism! What I'm curious about is whether or not the core economic issue is the violent enforcement of a monopoly on currency ( by the state ). Fine, get rid of the FED - let the state control money...
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@ meambobbo Great post, just curious... So... perhaps what might be ideal is a completely open, free-market competition in actual currency? Gold, silver, paper money (backed 100% by X Y or Z) or e-gold, diamonds, vintage cheeses (joke!) or whatever the free-market innovates and finds most convenient...
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I still don't quite see the point in switching to a 'gold standard' at all. Why not completely abolish the enforcement of a monopoly on any single currency, be that pure gold, gold-backed, silver, fiat etc? Why not just have open competing currencies and let the free-market decide which is...
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BTW guys, I just found this site: http://www.gold-stocks.com/ It has a list of gold mining companies and how their stocks have been doing. I was recently thinking about buying stocks from some Canadian gold, silver, tin, and zinc mining companies.
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Well, I've been thinking about investing in Euro Pacific Capital, but I'm also thinking about investing on my own in a precious metal mining company. Schiff regularly gives suggestions on Fox Business (you can find a few episodes w/ him on youtube), so I might follow one of those suggestions...
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See Rothbard's What Has Government Done to Our Money . When a regular person buys a government bond, that person is spending money they had to have somehow received beforehand from someone else. That is, it must have been money that was already in circulation. When the Federal Reserve buys government...
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The same economic mistakes as in the US with the difference that half of the world has it in their best interest to save the $ - in short: remnibi, oil prices, exports, those "triple-A" US government bonds etc. - while nobody gives a hoot about the £. In the last few days the $ got even gained...