As a kid, I always loved to play Monopoly. It’s great game for kids to learn, as it teaches basic economics very nicely. I used to play a lot with my cousin Keith, and we used a term when we had to mortgage properties to pay off our opponent. It was, (said it with glee […]

“Well, look how low it’s gone. I’m scared it will go down further.” Or, “Jeez, it’s just sitting there, isn’t it?” For crying out loud, don’t be ridiculous! Exactly one year ago…one year back, to the day I am writing this, gold was $607, and silver $11.36. Now silver is $13.80, which means that even […]

The mark of intelligence is the ability to change one’s mind if facts demand it. I think I am intelligent, and what I am about to write, will outrage a lot of you, but I have given this a lot of thought, and as a result believe it to be true. Is the dollar a […]

Ok Guys, I defy you to tell me, “What is a dollar?” You can’t define it? It’s sort of like trying to define a circular stairway without using your hands, I guess. Maybe a dictionary will help? Webster’s New World Dictionary 3rd College Ed. says the dollar is: “The basic monetary unit of the U.S., […]

I wrote about this back in January, but the questions still come to me regularly, so I’ll reiterate it again, with more details. “I’d better get a few small gold coins so that I can barter when the dollar fails.” “I need silver coins so I can trade them for stuff when the dollar fails.” […]

Paper money, over the years, and in all lands, have taken all forms and designs. These designs are universally created to instill trust. Things are no different now than they were when paper was first invented. Paper, printed with impressive designs and engravings, have always been used when the real things (gold and silver) are […]

On June 3, 1963, John Fitzgerald Kennedy, the then President of the United States, issued an Executive Order, which as far as I can see, after a lot of research, is still in effect. Without quoting it, to save time and space, (you can look it up on Google), it basically states that the United […]

We’ve seen how the prices have gone up over the years, which merely means that the dollar has been inflated, or its quantity increased. Why? To pay the bills the politicians have run up to make themselves popular and get re-elected. Not our fault. As the dollar lost value, the citizens had wage increases to […]

Last week, I mentioned that under FDR, to me, our worst President outside of Lincoln, Johnson, and most of them during the last hundred years I suspect, the welfare system got into gear, which debased the buck tremendously, and still does, but at an ever-increasing rate. When a roller-coaster begins its downhill run, it is […]

First of all, I have no use for rare coins, but not because they aren’t collectible or beautiful, but because they are not a good investment. Coin shops work just like every other business. They have rent to pay, advertising, employees, and need a return on their capital invested for stock. My wife went to […]