As money is a medium of exchange, it must therefore have a unit of measure, and a store of value. It should be durable, exchangeable, divisible, have a store of value, scarce, portable, and universally acceptable. Gold has always been valuable, and has all of the previous needed characteristics. The dollar and all other currencies […]
I am not a braggadocio, but I do have what I call ‘original thoughts.’ I built America’s first non-smoking restaurant in Phoenix in the late 1970’s (The 1895 House), America’s first non-smoking hotel in 1982 (The Alma House) in Silverton Colorado, started a chain of ten ice cream parlours (Bijou Iced Crème Parlours) in Philadelphia, […]
As of Friday, June 7, 2019, the gold-silver ratio was close to 89 to one. Historically, the ratio has been 16 to 1. 90 years ago, gold was $20.67 an ounce, and silver was $1.25, or close to 16 to 1. In the year 1980, the ratio was 16 to 1, but that was when […]
Hi Don, I have purchased from you in the past from Melissa when I lived in ……. Currently I am building my cash (which as you know is almost like money) supply to deploy when our next Republican recession hits. History tells me that there is a high probability that it will occur before 2020 based […]
“Prices were so low years ago, I’d like to return to them,” might be a current complaint, and about everything, not just gold and silver. Before we go any further, we must realize that the gold-silver ratio is way out of whack, and has been so for several years. As of Sunday when I am […]
“Then,” in this case, really isn’t that far back. If you speak of “Then” usually, it may be a hundred or hundreds of years ago, and maybe even Biblical times. Let’s make it, say 87 years ago, or 1932, and ‘now,’ being the current date. In 1932, it was common for people to carry gold […]
The current craze for cryptic money, such as Bit-Coin and others, which are backed by nothing, and supposedly are free from government interference. Gold and silver are free from that too, but have historical real value. I understand that Facebook and Amazon are considering issuing cryptic coins also. But I have one which beats them […]
The current ‘green’ idea, is to tax the richest for about everything they have, and of course, to be really ‘green,’ we must kill all the cows, airplanes, power plants which burn natural gas, or coal, and on it goes. Then there is another idea, but let’s stick with taxing the rich, because they ‘have […]
‘Stability,’ is a simply gorgeous idea, in all fields and endeavors. A stable building with a stable foundation, a stable marriage, and of course stable money, which brings me to a Journal (Wall Street) piece of April 22nd, where economist Judy Shelton argues for a virtual gold backed currency, which would of course make any […]
There are many types of “Fakes” and “Fakery,” in the world today, and for that matter, throughout history. I’ve been through fake money many times, which are un-backed paper currencies as seen throughout the world since paper and the printing press were invented. The cure for that, is real money in the form of silver […]