It took a very longtime for gold coins to supplant barter. Coins first appeared in Lydia ~ 500 BC and then disappeared until ~1300. Why if gold is so freaking awesome did people not glom onto it aping the Lydians? So now we have gold as the only ...

Is the dollar too strong for its own good?

Yes it is too strong which is another reason the FED should not raise interest rates. And gold is so last century. It is no more valid as a measure of wealth than a cup of sand standard.

Is the dollar too strong for its own good?

This is where the Fed should exert influence rather than raising the target interest rate. Look at the chart with today's data. Wow, for a whole year people actually paid off debt after the 2008 crash. Now people are larding it on faster than ever. ...

Rich Americans Are Outstripping the Poor in Borrowing

BTC - backed by the full faith and credit of Fred sitting in his mommy's house. BTC will grow according to BTC profiteers. What do the BTC sellers take for their crypto currency? Dollars and other state currencies that they can actually spend.

Bitcoin to be 6th largest reserve currency by 2030: Research

Ammo to fight a downturn? rofl Yeah, we could lower the rate back down 25 whole basis points. Think I would have to be more like 200 basis points to be more than a spitball, and that much would be as likely to cause a downturn as not.

The Fed is right to go slow on raising interest rates

Yes, BTC with it's massive 3.5 BILLION in world wide value is going to take over the world's financial markets. This is not even a dent in the drug trade. After all the drug dealers do what with a stinking BTC after their deal? They want dollars, ...

Bitcoin flounders in Australia as regulatory worries bite

Thanks for the laugh. Hordes of unemployed, underemployed, and more robotics must have escaped him in his little closet.

Deflation supercycle is over as world runs out of workers

Gold smold bla bla. Even before paper money economies and governments were controlled by bankers. The US revolution was financed by bankers in the Netherlands as well as France. Later when the US needed help it was J P Morgan who saved the day. ...

Where every Fed member stands on raising interest rates

BTC is as fiat as you can get. Money backed by the full faith and credit of Bob sitting in his basement. lol But the technology is interesting and perhaps the banking system can use it without the abuses of the BTC market. The speed of transactions ...

Nine massive banks just teamed up to take the technology behind bitcoin mainstream

And oil at $10. Or is it $200?

Parity for EURUSD? How About 0.8225, Instead?

The House of Saud and the Wahhabis deal goes back a long way originating in the 1700's. The present Saud's have backed themselves into a corner. Read "On Saudi Arabia" by Karen House, 2012. She spent 30 years there as a journalist and 4 years ...

Saudi Arabia refuses to bow to pressure to cut oil production

Is it shale oil or Iran they are worried about? Iran is the bigger threat to them. But they partnered with the Wahhabi sect of radicals a long time ago, have acquiesced to their demands, funded their expansion, and having danced with the Devil ...

Saudi Arabia refuses to bow to pressure to cut oil production

"The problem with getting everything is you run out of reasons to keep trying, and human interaction becomes impossible due to imbalance," he tweeted. Refreshingly honest. Everyone is interested in his money so hard to trust anyone is really a ...

Minecraft billionaire complains about being rich

Fed has no power with the interest rate. Lowering is plain stupid and raising scares the ill informed and is self defeating. Especially if it is done in a series of quarter point moves. It will be painful but what is needed is taking the fluff out ...

Bridgewater's Dalio: Next big Fed move will be to ease, not tighten

The situation has changed in an undeniable and real way, not just the smoke and mirrors data like unemployment. So a delay by the Fed is easily defended as warranted. Market expectations do not rule.

Market indicating Fed won't raise rates in September

Better ways to deal with inflation threats than the interest rates. Lower the ratio of stock that can be traded on margin. Make new personnel credit more expensive. That only went down for a few months after the housing bubble burst in 08. People ...

Feds Lockhart. September could be appropriate for liftoff

CNN NEWS FLASH .... We break from our continuing coverage of the missing Malaysia Air flight to report gold might fall to $350. And now back to our important coverage of the missing Malaysia Air flight where we actually have something new for the ...

Prepare for gold prices to plunge...as low as $350

If they do raise rates they will almost certainly do 25 basis points which will prime inflation expectations but do nothing to put a chill on it, net more inflation. That will lead to another 25 increase and so the cycle will go on and on.

Fed expected to push ahead with rate hike plan

Found a local shop that does a fair price and spread on junk silver. But that is wrapped where you can not see it and it is only 85% silver anyhow. So is it a better deal than coins?

Gold is in its worst slump since 1996

2008 housing "crashed" 40%. It really just deflated to the long term inflation line. Likewise gold has been in a fear frenzy bubble. Doesn't help that there has been a bunch of rehypothication. But no logical support for anything over $750 and more ...

Gold is in its worst slump since 1996