Saturday, October 2, 2010

Gold and Silver prices from one record to another


The price of gold and other precious metals seem unstoppable and is going from one record to another record,the price of a troy ounce (31.1 grams) of gold climbed on Friday to a record $ 1,320 Silver the little brother of Gold also rose in price and traded at $ 22.08 a price not seen since 1980 .What is driving Gold prices high is the worrying credit situation in the euro zone with countries like Ireland, but also fear about the new instability in the global financial system .Precious metal prices are a very clear indicator of impending inflation. The U.S. Federal Reserve (Fed) has had hinted in recent weeks that they will finance public debt indirectly through freshly printed money. Officially, this is "quantitative easing" the support of the ailing U.S. economy.

Bob Chapman : there will be a deflationary Depression in Europe

Bob Chapman : there will be a deflationary Depression in Europe if they continue to do what they are doing , I think it is deliberate...., England is no better off than Greece Spain Ireland or Italy


Gold and Free Market Banking - Lawrence H. White

Lecture presented by Lawrence H. White at the Ludwig von Mises Institute's first-ever conference, "The Gold Standard: An Austrian Perspective" held in Washington, DC; November 16-17, 1983. http://mises.org

Lawrence H. White is an Economics Professor at George Mason University. He currently teaches a graduate level course on Monetary Theory and Policy. White earned his AB at Harvard University (1977) and PhD at the University of California at Los Angeles (1982).

Before his current role at George Mason University he held a position as F.A. Hayek Professor of Economic History with the University of Missouri--St. Louis Economics department. He held this position from August 2000 to August 2009 and taught classes on American Economic History, Monetary Theory, and Money and Banking. Previously, he was Assistant Professor at New York University and Associate Professor at The University of Georgia in Athens, Georgia.

He is noted for contributing to the body of thought known as the Austrian School. He has analyzed the theory and history of free banking, a system under which commercial banks and market forces control the provision of banking services. (Source: Wikipedia)
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