{"id":39667,"date":"2018-10-25T06:57:01","date_gmt":"2018-10-25T11:57:01","guid":{"rendered":"http:\/\/olduvai.ca\/?p=39667"},"modified":"2018-10-25T06:57:01","modified_gmt":"2018-10-25T11:57:01","slug":"measures-of-value-precious-metals-supply-and-demand","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=39667","title":{"rendered":"Measures of Value \u2013 Precious Metals Supply and Demand"},"content":{"rendered":"
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Measures of Value \u2013 Precious Metals Supply and Demand<\/a><\/h3>\n

Aiming for Knowledge and Better Decision-Making<\/strong><\/p>\n

The price of yellow metal went up nine bucks last week. And the price of silver three rose cents, which is back to where it was two weeks earlier. We need to rant, and promise to tie it back to the prices of the metals. We have written these past several weeks about the fact that the franc has been rendered useless. Owning a franc does nothing for you, other than to trade to the next person at hopefully a higher price.<\/p>\n

\"\"<\/a>When the money of the realm becomes literally useless as money \u2013 the charts and data example above shows excerpts of what happened in Germany from WW1 to the hyperinflation blow-out of 1923. In the end, one simply could no longer use the Reichsmark as a medium of exchange. [PT]<\/p>\n

This is the state into which gold has been forced, by a series of actions by the US and other governments.<\/p>\n

Indeed, so useless has gold become, that we measure its value in terms of the irredeemable fiat dollar. We all love to hate the dollar, we all think the dollar will collapse at some point in the future. Yet so ubiquitous \u2014 and useful \u2014 is it that we measure even money in terms of dollars!<\/p>\n

And \u201cwe\u201d does not refer to Keynesians and their close cousins the Monetarists. \u201cWe\u201d refers to many Monetary Metals clients and prospective clients. Yes, truly, the folks that are keen to earn interest on their money paid in money \u2014 gold \u2014 ask constantly our opinion on the price of money in terms of irredeemable Fed credit notes!<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Measures of Value \u2013 Precious Metals Supply and Demand Aiming for Knowledge and Better Decision-Making The price of yellow metal went up nine bucks last week. And the price of silver three rose cents, which is back to where it was two weeks earlier. We need to rant, and promise to tie it back to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5728,309,374,379,7957,536,4948,647,13227,730],"class_list":["post-39667","post","type-post","status-publish","format-standard","hentry","category-economics","tag-acting-man","tag-fiat-currency","tag-gold","tag-government","tag-keith-weiner","tag-money","tag-paper-currency","tag-precious-metals","tag-price-of-money","tag-silver"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39667"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39667\/revisions"}],"predecessor-version":[{"id":39668,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39667\/revisions\/39668"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}