Lower Prices Bring Layoffs
August 2013 by Chris RalphThe extensive cost reductions now being put in place are not just a short-term reaction to the recent drop in gold prices...
The “battle lines” are being clearly drawn. By the time you receive this issue both party conventions will take place within just a few weeks and there will be only four months until the final vote.
I hope long-term readers would agree that while your columnist does occasionally carry some arguments to an extreme length, I usually stay within the bounds of reason. I am pointing this out because I was struck by an economic vision a few days ago that could test those bounds.
…the men sought to “inject false and misleading information about the genuine supply and demand for precious metals futures contracts into the markets, and to deceive other participants”…
Much of the past 12 months, both in America and around the world, has been devoted to discussions of Keynesianism versus the Austrian School of economics; of the value versus risks of “Quantitative Easing,” of free markets versus government-dominated markets; and of the right of government to accede to unlimited demands on her resources, no matter the cost.
The Federal Reserve just reported that inflation exceeded their 2% target for the first time in five years and the University of Michigan reported their inflationary expectations have now risen to 2.7%.
If the costs of financing the national debt increase in a manner described in this study, that should, in our opinion, be regarded as a long-term plus for the precious metals.
The Bawl Mill • Ask the Experts • Ask the Experts • Ask the Experts • Ask the Experts • Common Mistakes of the New Detectorist • The Pearce Mineralized Area, Dragoon Mountains, Arizona—Part II • Mining for Gemstones and Mineral Specimens • Fighting and Winning Without a Lawyer • The Essentials of Dry Washing • Fortymile, Alaska Prospecting Adventure • Court Says Emergency Rule in California Unjustified • Sampling Placer Stockpiles • Prospecting Research • Buyer Beware! Counterfeit Metal Detectors • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • Underground in the Original 16-1 Mine