Then and Now: Is Gold Really Money?
October 2011 by Chris RalphThe gold from 80 years ago still holds all of its value—it’s the Dollar that has been damaged.
…we cannot ignore the fact that several of the most widely-followed and respected economic voices are now raising questions about the potential near-term development of a full-blown market panic.
As we have noted through the years, perhaps the most direct, single influence on the future of gold and silver is their monetary opposite—currencies in general, the US Dollar in particular.
Next, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
All in all, these spending proposals, combined with those already approved, could bring total spending for the current budget year to around $8 trillion—by far the highest level ever recorded in America’s history.
Two potentially important Canadian projects, which could have produced revenues in the billions and jobs in the tens of thousands, have now been officially abandoned and the reasons offered by both relate to the economic impossibility of successfully negotiating all the regulatory obstacles that have been presented.
The Bawl Mill • Legislative And Regulatory Update • Ask The Experts—Separating platinum from sands using bubbles • Ask The Experts—Extraction of micro gold from black sands • Ask The Experts—Difference between a Geiger counter and scintillator • Gold, Quartz & Chalcedony—Part I • Prospecting Australia—Part I • Oregon Dredge Permit Litigation Update • Gold From Black Sand Tailings • The Fine Art of Panning Heavy Sands • California State Gold Panning Championships • The Golden Days of Julian, California • An Expensive Lesson • Judge Denies Request To Delay Michigan Mine • Melman on Gold & Silver