HISTORY OF THE GOLD-TO-SILVER RATIO

As incredible as it may seem, monetary systems in antiquity were somewhat integrated. Before the great civilizations declined, they all conducted international trade with the same two currencies: GOLD and SILVER.  Any form of silver and gold was acceptable as money. Pharaoh’s gold bracelets were negotiable currency in Babylon; silver and gold ingots from Rome could be […]

Continue Reading

SHOULD I BUY GOLD & SILVER NOW?

Denise, Should I buy gold and silver now?  By all means you should buy gold and silver now — while U.S. dealers still have coins. Around the world, gold and silver shortages are very real. The exchanges in London and New York are almost tapped out of physical gold and silver.   Silver and gold shortages are […]

Continue Reading

GOLD-SILVER PHYSICAL SHORTAGES: PAPER GOLD IS VIRTUAL GOLD.

The PAPER gold and silver market has a VIRTUAL supply. An unlimited supply of PAPER silver and PAPER gold can be sold short to depress prices. The leverage in PAPER markets distorts supply and demand. Naked shorting  and fractional-reserve-metals-trading hide the fact that PHYSICAL gold and silver are in short supply. Current gold and silver “spot […]

Continue Reading

HOW TO BUY GOLD, SILVER & PLATINUM

Washington Gold Exchange LLC It is easy to buy gold, platinum, and silver.  Here are the steps: 1) Figure out your budget. Take a look at your finances, and consider first paying off any debts.  I recommend you put 20% to 25% into PHYSICAL gold, silver, palladium and platinum coins. Buy silver coins first; then gold coins; and then […]

Continue Reading

HUNT BROTHERS & 1980 SILVER SHORT SQUEEZE

The last major silver short squeeze was in 1980. During the squeeze, the New York and Chicago exchanges halted silver trading several times. Whenever markets were disrupted, the prices quoted in New York did not match the prices buyers had to pay per ounce for actual bars of silver. Premiums above the spot price for PHYSICAL […]

Continue Reading

NAKED SILVER SHORTING

Farmers, airlines, and manufacturers lock in their costs for commodities by using the New York Commodities Exchange (COMEX). Rather than speculating, they buy and sell commodities to hedge their costs. On the other hand, the majority of those who buy/ sell gold and silver derivatives are short-term speculators [Exchange Traded Funds such as SLV and GLD, […]

Continue Reading

Trader Vic Has Done the Math.

Perhaps, you own very little gold. In general, international buyers appreciate gold’s value more than most Americans do. Many outside the U.S. have learned to distrust paper money from experience. People from all over the world used to sit at my desk and tell me their survival stories. They all understood the insurance-value of gold: An […]

Continue Reading

CHAVEZ DEMANDS THE RETURN OF VENEZUELA’S GOLD

Venezuela’s Hugo Chavez carried out his threat to nationalize gold mines August 23, 2011. He then demanded the return of 210 metric tons of gold the country had stored in the Bank of England and other bullion banks. The Venezuelan gold bullion held in Western banks totalled about 17,000 good delivery bars. Each of the bars […]

Continue Reading

END OF AFRICAN GOLD STANDARD – THE OIL / DOLLAR RELATIONSHIP

Oil producing countries measure the value of the U.S. dollar by the price of gold. When the Organization of Petroleum-Exporting Countries [OPEC] was formed, the value of the dollar was 1/35th of one ounce of gold. The dollar is now worth about 1/1,375th of a 1 oz American Eagle gold coin.   Because of the dollar’s loss of purchasing power, oil producing […]

Continue Reading

Audit Fort Knox

After World War II, the United States government and citizens owned as much as 80% of the gold in the world. More than half of the gold was stored at Fort Knox. Many in high places have suggested there is precious little gold in those vaults today. No one has been allowed to audit Fort Knox since the Eisenhower Administration (1955). […]

Continue Reading