Will Arabian investors do a Hunt to silver?

July 7, 2008 The best-read article on this blog is about the selling of Hunt Petroleum for $4.2 billion recently and the possibility that some of this vast sum might be invested in the silver market, in some kind of a re-run of the Hunt Brothers’ silver pool of the later 1970s. That is pure speculation, but there is nothing speculative about the outlook for silver. If gold has bright prospects due to inflation over the next couple of years, then silver shines even brighter. For in previous periods of financial turmoil and high inflation silver has always out performed gold by a factor of more than two.. » read more

Ignore the Dollar at Your Peril

June 30, 2008 The state of the American economy is a contentious issue among economic commentators. Some argue we are and have been in a recession for some time. Others argue the economy never was contracting and won't in the future. When we consider that a lot of the discussion hinges on gross domestic product data points, it could be argued more realistically that the discussion is pointless, given the misleading nature of GDP calculations. Indeed, thanks to weak dollar driven price increases after the 1971 collapse of Bretton Woods, real GDP under Richard Nixon grew 8.. » read more

Report: Emirates calls on GCC countries to depeg currencies from US dollar

Jul. 6, 2008 A newspaper in the United Arab Emirates says the tiny Gulf state's government is lobbying neighboring countries to depeg their currencies from the US dollar to curb inflation. The National, which is owned by the Abu Dhabi ruling family, reported Sunday that the UAE is calling on all six Gulf Cooperation Council member states to "rethink" their monetary policy amid soaring inflation in the oil-rich region. It cited an internal report by Abu Dhabi's Department of Planning and Economy. The GCC members are Saudi Arabia, Qatar, Kuwait, the United Arab Emirates, Bahrain and Oman.. » read more

Euro May Be Poised for `Explosive Breakout,' Citigroup Says

July 2 (Bloomberg) -- The euro may be nearing an ``explosive breakout,'' reaching record levels against the U.S. dollar, according to a Citigroup Global Markets Inc. research note. The trading pattern, including a so-called double-bottom that tested lows, resembles the one before Feb.. » read more

Ron Paul Campaign for Liberty.We Must Never Forget the Greater Political Picture

June 26, 2008 Moseley,   You are wrong, dead wrong in your below conclusions. Let me explain.   The US economy greatly improved when paper money (“bills of credit”) was banished by the monetary provisions of the US Constitution. In the 1780s, the early states had stagnant economies as the direct result of paper currencies.  Gresham’s Law holds that bad money drives out good money, but this economic law was reversed when specie became the monetary standard.. » read more

Losing a Mint:: Curb on Coin Sales Angers Collectors

U.S. Begins Rationing Popular 'Silver Eagles'; How $1 Fetches $19 May 23, 2008; Page A1 The government rationed food during World War II and gasoline in the 1970s. Now, it's imposing quotas on another precious commodity: 2008 dollar coins known as silver eagles. The coins, each containing about an ounce of silver, have become so popular among investors seeking alternatives to stocks and real estate that the U.. » read more

3 Nordic Banks Help Iceland Prop Up Currency

May 17, 2008 FRANKFURT — In a show of Nordic solidarity, three central banks in the region have ridden to the rescue of Iceland, lending the island emergency credit of up to 1.5 billion euros ($2.3 billion) to shore up its swooning currency and forestall a broader economic collapse. The unusual collaboration is intended to calm the turbulence that has buffeted Iceland since the beginning of the year, when rumors of a banking crisis led speculators to bet against the country’s currency, the krona. The central banks of Sweden, Denmark and Norway announced the plan Friday, in the form of swap agreements that would give the Central Bank of Iceland access to as much as 500 million euros from each of them.. » read more

Iran Dumps U.S. Dollars in Oil Transactions

2008-04-30 20:32:52 Special Report: Iran Nuclear Crisis     TEHRAN, April 30 (Xinhua) -- Iran had totally removed U.S. dollars in the country's oil transactions, an Oil Ministry official said on Wednesday.     "The dollar has completely been removed from our oil trade... » read more

Meltdown of U.S. Dollar Underway as China Dumps the Currency

Sunday, April 13, 2008 (NaturalNews) Comments by China that it intends to move away from its reliance on the dollar triggered a sharp drop in the Dow Jones Industrial Average and heightened worldwide fears about the U.S. currency's stability. Chinese Central Bank Vice Director Xiu Jian said that his country is planning to shift much of its $1.4 trillion national currency reserve from dollars to more stable currencies, such as the euro or Canadian dollar.. » read more

Gold vs. Dollar (video)

Posted 4/7/08 TO VIEW THIS VIDEO CLICK ON: www.youtube.com/watch?v=z6NfXk7Bvc8. » read more

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