Gibson's Paradox
Gibson's paradox has defeated all the mainstream economists who have tried to resolve it, including Irving Fisher, John Maynard Keynes and M...
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The Science of Gold & Precious Metals
There is frequent debate about the valuation of any asset or asset class. Sometimes the debate is fierce, and few investment topics evoke a...
The fiat money quantity FMQ
SummaryThis paper seeks to establish a measure of currency quantity that helps economists identify and estimate the risk that confidence in...
Mises’ battle against monetary socialism
It is more than 20 years since the collapse of communism in Eastern Europe and the Soviet Union. One would think that the rest of the world...
A detailed look at Bank of England gold
The London Bullion Market is the global trading centre for physical gold, and the Bank of England holds gold on behalf of other central bank...
The Aboveground Gold Stock
With the rising gold price this past decade, there has been some discussion about the size of gold's aboveground stock, but little recent an...
Nowhere Left To Run
I make this speech in the earnest hope that Croatia, which has emerged from decades of totalitarianism, along with her neighbouring countrie...
A Perspective from Howard & Warren Buffett
In a recent article in Fortune, Warren Buffett reiterated his well-known view on money. Far less celebrated, however, is the discerning vie...
Why Gold Will Go Above $11,000
In one important respect, gold is like any other asset. You want to buy it when it is undervalued, and sell it when the opposite is true â€...
Barbarous Relic is Not What You Think
I am no fan of Keynesian economics. I find most Keynesian economic theories to be just plain wrong. But for the sake of truth and accuracy,...
The Role of Gold in Staying Rich
All money in the world today, except gold, is someone else's liability. Consider a checking account: You deposit money. It is your asset, b...
The Evolution of Currency
Until the formation of the Bank of England in 1694, money and currency were one and the same. Money was a tangible asset and this asset itse...
Gold and the Internet: The Future...
It is both a pleasure and an honor to be at this annual meeting of the Gold Institute, and I would like to sincerely thank everyone at the G...