For gold bugs, August 15, 1971 is a day that will always keep them up at night. On that fateful day, President Richard M. Nixon officially closed the gold window. In doing so, the final link between the US dollar and gold was severed. Before this move was made,...
Since ancient times, gold has been the enduring standard for wealth and stability. But in recent months, the value of that precious metal has taken a beating, with fluctuating process plummeting to levels not seen in a decade or more, then bouncing back. And although...
Part Three of Three Part Series Recent debt problems in the United States and across the world at large have brought the notion of a “gold standard” for the currency back into vogue. The allure of a gold standard is easy to see, since it means that there is a...
Recent debt problems in the United States and across the world at large have brought the notion of a “gold standard” for the currency back into vogue. The allure of a gold standard is easy to see, since it means that there is a commodity backing for the currency. Many...
Inflation is a big topic around the Empowered Investor Network office, though not for the reason most might assume. The thing is – we love inflation because it makes us money as income property investors. Long time readers of this blog are probably already familiar...
