Further to my post of 6 May on the book Sutton, A.C., The war on gold, 1977, ‘76 Press, California, USA, below are some extracts from the book I’ve made for my personal reference:
Page 59: It is this disciplinary function of gold that is irksome to politicians and managed-economy bureaucrats and academicians. Politicians are always [...]

What is price?  Sure it is the ‘amount of money expected, required, or given in payment for something.’  But even that definition is too broad as it begs the question of expected or required by whom?  Value, utility and price are all subject to individual human action and therefore the price of something is primordially [...]

While I have only been blogging for a short while, I have been following goldbug chatter since 1998 when I took up a position in the Depository division of the Mint. At that time it was all doom and gloom with the price in a downward trend, helped along by Gordon Brown with his auction.
This [...]

This article discusses the issues associated with keeping track of precious metals. I call it metal accounting because the point is to ensure that ounce debits (ie assets) always equals ounce credits (ie liabilities). This should be of interest to anyone holding unallocated metal because the extent that your “custodian” doesn’t have control over their [...]

Lately I have received many inquiries about whether the physical gold or silver people think they own and have stored with third parties is safe.  Many have asked me to comb through various prospectuses or user agreements and give my opinion.
Because of reader inquiry I have thoroughly researched the GLD ETF and GoldMoney.  However, due [...]

NATIONAL COMMON STOCK
National fiat currencies represent the common stock of nations.  Because of the large amounts of capital involved they usually move slowly according to trend.  As their share price sinks despots implement doomed currency controls enforced by violence in a vain attempt to artificially increase price.

Notice how the FRN$ trended downward with the 200dma [...]

Gold and silver are made for each other like peanut butter and jelly or milk and cookies.  The ’sweat of the sun’ and ‘tears of the moon’ have served as money and currency for millennia.  At all times and in all circumstances they remain money.
On 7 May 2009 when the gold to silver ratio was about [...]

In the past week it has been reported that the Royal Canadian Mint (RCM) has “lost gold”. The reports contain statements that to the lay reader may seem unremarkable, but which to me give an indication of what is really going on.
It is also a story of particular interest to me not just because I [...]

Political risk is increasing and predictably the Treasury bubble has been bursting.  There are major machinations going on in the bond market which will significantly affect you.
On 3 January 2009 I wrote United States Treasuries Are The Biggest Bubble Of All and on 18 January 2009 followed it up with Why And How The Treasury [...]

From a recent Zerohedge blog post:
James Brigagliano, co-acting director of the SEC’s Division of Trading and Markets, said dark pools could impair price discovery by drawing valuable order flow away from the public quoting markets. “To the extent that desirable order flow is diverted from the public markets, it potentially could adversely affect the execution [...]