A recent article from the American Institute for Economic Research has been doing the rounds on Twitter for saying that we should no longer be teaching money as a store of value. While practically speaking that may be an accurate description of the current state of affairs, the negative effect of bank credit expansion and…Read More
This article won’t go into a detail explanation, but if you do the work to think through all the outworkings of a gold standard compared to the current credit standard, you’ll see that the difference between them is quite stark: Gold Standard Savings Rewards Investment Long Term Planning Stable Growth Consistent Prices Values Labour Upward…Read More
While gold may be primarily a long term store of value, more people would be able to save more money in it if they were able to access in relatively short notice for a personal or community-wide emergency. For quite some time Goldmoney has only been offering its debit card services to clients located in…Read More
Gold mine production has historically grown at about 1.5% a year, roughly the rate of population growth of the world. However new deposits and particularly new economic deposits have become increasingly rare. This raised the question of whether we are at or past peak gold output. This article will line out some of the areas…Read More
The 1971 closing of the gold window, moved the world from a gold-based monetary system to a fiat-based system. Credit expansion then lead to indiscriminate debt and consumption replacing careful savings and investment, and many unintended consequences; economic, social, and environmental. Inspire by wtfhappenedin1971.com 1. Obesity Increase Due to excess consumption encouragement from increased debt, food…Read More
Kinesis is a gold and silver backed cryptocurrency which aims to be a complete monetary system. By depositing gold or silver for KAU or KAG tokens, you not only get fee-free storage for your precious metals but share in the profits generated from transactions on the Kinesis network. In addition to their metal backed tokens,…Read More
It might be technically possible to make Bitcoin the monetary base, but it would be very unwise too. To start, here are some parameters around that statement. Firstly by money, we mean the monetary base, not the various currencies or other assets that have uses in the monetary system. Secondly, in relationship to Gold, Bitcoin…Read More