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There are conflicting stories among Bitcoins’ supporters about why a Japanese programmer or team of Japanese programmers, who are known by a pseudonym Satoshi Nakamoto, developed the original idea for the Bitcoins software. The primary justification for Bitcoins among libertarians is the prediction that Bitcoins will become an alternative currency to all existing central bank currencies. Bitcoins are seen as a first-stage revolt against central bank money. In this essay, I’m going to make a series of arguments. I’m going to tell you in advance what my arguments are. You can then judge whether or not I have been successful...

Cyprus Triggers Preference For Goods, Gold And Silver Commodities / Gold and Silver 2013April 02, 2013 - 07:10 PM GMT By: Alasdair Macleod Almost certainly prices for goods in Cyprus will rise as a result of its banking crisis, because the imposition of capital controls will restrict imports, leading to supply bottlenecks. In addition residents will no longer be complacent about keeping money on deposit, but seek other alternatives. Large depositors may be trapped, but smaller local depositors will draw them down for cash to stock up on things needed tomorrow while they are available.Cypriots will therefore change their preferences...

I really want advice from FReepers who have invested in Gold and other precious metals. The Cyprus thing got me nervous. The idea that a country could say "we will immediately do a Wealth Tax" was out of my realm of thinking. But the fact this happened with the OK of the IMF (of which the USA is the largest influence) is what scares me. Now Brussels in on that same road of pure State theft. And let's face it, any country stupid enough to tax people for existing (aka obamacare) will be arrogant enough to levy an overnight "wealth...

Dow And Silver In Gold Terms Commodities / Gold and Silver 2013March 09, 2013 - 05:44 PM GMT By: Richard Mills The Dow on Gold's terms: * During January 2000 gold traded at an average price of $284.32 * January 2000 the Dow was 10,900 * 10,900/$284.32 per ounce = 38.33 gold ounces to buy the Dow Today gold is trading at $1570.90 while the Dow Jones (DJIA) continues to break records, up another 30 points as I write to 14,284. 14,284/1570.90 = 9.09 ozs of gold to buy the Dow today. 38.33/9.09 = 4.2 The Dow on Silver's terms:...

Via Michael Krieger of Liberty Blitzkrieg blog, [ZH: We have discussed this threat over the past several years (must read).] The obvious concept is that when the government runs out of money, or they face a drying up in interest for its debt, they will come for the $19.4 trillion in American’s retirement accounts. It seems that day may be finally drawing near. I stopped contributing to my 401k back when I worked at Bernstein, and I will probably now have to give more serious consideration whether I want to take the penalty and move the funds out of my...

One of the biggest complaints about gold - always a parallel currency to paper, and soon to be serial, once the world shifts to a post-paper currency reality in which faith in infinitely creatable electronic paper money is finally destroyed - is that it would be an impractical medium of exchange, as the traditional denominations are so large one would be unable to trade one ounce (and certainly one bar) for every day needs. This is also one of the main reasons various retail investors prefer silver over gold. All this may be changing courtesy of Swiss refiner Valcambi which...

One Very Strange Use For Silver Coins Simon Black October 4, 2012 “Corruptissima republica plurimae leges. [The more numerous the laws, the more corrupt the state.]“ -Tacitus, the Annals ca. AD 69 The nature of what is ‘legal’ has become a truly bizarre concept these days. Developed nations of the west have hundreds of thousands of pages of rules, codes, regulations, laws, decrees, executive orders, etc., many of which are contradictory, archaic, and incomprehensible. Across these ‘free’ nations, the law is selectively enforced, selectively applied, and completely set aside whenever it pleases the state. As such, even the most harmless...

Looks like the lousy jobs report coupled with Obama's 'Jimmy Carter' speech has caused precious metal values to spike strongly today: Gold is up $37/oz = $1740.00 Silver is up .96/oz = $33.77 Platinum & Palladium are also up $10/oz

The Printing Press Is Running Hot, But Where Is Inflation And How Will It Affect Gold? Commodities / Gold and Silver 2012Sep 06, 2012 - 02:48 AM By: GoldSilverWorlds The key to understanding inflation lies in the implications of an increasing money supply. Here at Global Gold, we rely on the “True Money Supply” which is provided by the Mises Institute. The “True Money Supply” was originated by Murray Rothbard and represents the amount of money in the US economy that is available for immediate use in exchange. On the chart below you see that the True Money Supply has...

<p>This 1898 Liberty Head Half-Dollar is an example of a coin that received one grade and, upon resubmission, earned a higher grade — and thus a higher market value.</p> <p>CHICAGO (MarketWatch) — Coin dealer James DiGeorgia saw it for just a moment — a rare Roman gold coin he found extremely desirable — but he hesitated before deciding to buy it.</p>

I have been accumulating silver Eagles , maples, Austrian phils, and pandas. Can anyone give me a good idea or reason why Gold is better than silver for the average Joe investor in physical bullion? From what I can gather Silver overall is a better avenue for most of us.

CITI: The 'Poor Man's Gold' Trade Could Cause Silver Prices To Surge Sam Ro Aug. 24, 2012, 4:27 AM Tom Fitzpatrick, a top technical analyst at Citi, continues to be bullish on gold and oil. But in his latest commentary for King World News, he argues that the charts are looking bullish for silver. Silver has also held nicely above the $27 level, and very recently we have seen silver begin to outperform gold. The silver chart looks very bullish. We believe that silver will continue to outperform gold in this breakout move. ... The trend line down and 200...

Metals and other commodities fell Thursday, led by a tumble of more than 5 percent in silver, as discouraging news about the economy kept piling up. Both precious and industrial metals fell. Silver priced for July delivery lost $1.55 to $26.839 per ounce. August gold slid $50.30, more than 3 percent, to $1,565.50 per ounce. Silver and gold often move in synch, but silver tends to fluctuate more because of its lower price.

Time To Accumulate Gold And Silver By Jeff Clark 05/01/12 Do you own enough gold and silver for what lies ahead? If 10% of your total investable assets (i.e., excluding equity in your primary residence) aren’t held in various forms of gold and silver, we at Casey Research think your portfolio is at risk. After speaking at the Cambridge House conference last month and talking with many attendees, I came away convinced that most investors fall into one of two categories: those who hold an abundance of gold and silver (which tends to be physical forms only), and those with...

Should our fine financial system cease functioning cash will become a rare and precious medium. Over the years Americans have exchanged paper currency with confidence. Yet, today everyone's cash is a digital value out of hand. Our vast nationwide cash money market holdings greatly exceed any paper currency supply making any Bank run a momentary event. Should the financial house of cards crash, holders of green back US Dollars will be able to engage in trade. Gold hoarders will not know what to do. Credit cards won't work. Checks won't either. If you can't barter, cash will be king. Get...

Should our fine financial system cease functioning cash will become a rare and precious medium. Over the years Americans have exchanged paper currency with confidence. Yet, today everyone's cash is a digital value out of hand. Our vast nationwide cash money market holdings greatly exceed any paper currency supply making any Bank run a momentary event. Should the financial house of cards crash, holders of green back US Dollars will be able to engage in trade. Gold hoarders will not know what to do. Credit cards won't work. Checks won't either. If you can't barter, cash will be king. Get...

Last week Peter Grandich and I made the call that this week the precious metals markets would get hammered. We noticed that holiday weeks usually bring thinly traded markets, which are ripe for manipulation and elitist raids. No sooner did we post the interview from Thurs. 3/29, then wham! The precious metals markets are behaving like Paul Volcker was just appointed Chairman of the Fed. Don't get us wrong, Bernanke is no Volcker, but this, like everything in life, is temporary...nothing has changed! Listen to the Interview Here

Guys, I am looking to buy physical silver. Bars or Coins for TSHTF scenario. I have dry food, Have guns , ammo, gear, cash, knives, water purification, library of books on TSHTF situations, have three months of water on hand etc. I am looking to buy physical silver and have looked at a few websites and want to know the best way to do this? coins, bars?

Here Are The Real Reasons Why Gold And Silver Plunged Mike "Mish" Shedlock, Global Economic Trend Analysis Sep. 24, 2011, 7:28 AM Many people have asked me to comment on the plunge in gold and silver. First let's take a look at the wrong answer: Case Closed: CME Hikes Gold, Silver, Copper Margins And there you have it: CME just hiked gold margins by 21%, silver by 16% and copper by 18%. Mystery solved. Sorry Tyler, wrong answer. Four Reasons for Metals Plunge * Fed did far less than expected * Mutual fund redemptions * Margin calls at hedge funds...

Want to participate in smacking down the criminal global banking cartel? Here’s how to do it. Sell the likely fraudulent SLV and GLD ETFs, cease participating in the fraudulent gold/silver futures markets, buy physical gold and silver, and buy gold/silver mining stocks. The good news is (1) This is a simple strategy; and (2) Buy wisely, and you will likely build significant wealth while participating in this strategy. The fraudulent immoral monetary system that bankers have imposed upon the world that steals money from savers and creditors and transfers wealth to governments, debtors and bankers can only be perpetuated by...