Free report on the Economics of Gold

View the Chart When It Downloads. Then Download My Free Report on the Economics of Gold.

Gary North

I have set this chart to view the immediate price, plus the previous four days, but the chart’s software allows visitors to pick their preferred time period. Click the box of the period that interests you, or more than one. The chart will re-set each time.

Also interesting is the price of gold in four currencies: U.S. dollar, yen, euro, and the Australian dollar. You can see if the price change is in terms of just the dollar or also one or more of the other three. Click here.

To understand that there has been no predictable correlation between American inflation and gold’s price in U.S. dollars, see my report here:

http://www.garynorth.com/public/3416.cfmTo understand why there will be a correlation between price inflation above 10% and a rising price for gold, see my report here:

http://www.garynorth.com/public/4551.cfmFor up-to-date evaluations of gold, see this department: Precious Metals.

For a members’ discussion forum on gold and silver, click here.

To understand the ups and downs of gold, begin with my free course. It’s called The Gold Wars. To download it, click the link.

The Gold WarsThis report provides background material for my department on Precious Metals. It’s in the FOR MEMBERS ONLY section. (For information on how you can gain access to this section of my site, click here.)

Gold is the most effective way to shield yourself from the lies of politicians and the digital printing presses of the central banks. But when the Federal Reserve is deflating, gold comes under selling pressure. In the week of September 15, the FED started inflation.

Which form of gold is best to own for emergencies? In what form? That’s the 64-ounce question. I will help you answer it.

Gold is a political metal. Governments and central banks confiscated the public’s gold in 1914 (Europe) and 1933 (United States). In 1971, Richard Nixon unilaterally „closed the gold window,“ i.e., he told the Treasury Department to cease delivering gold to foreign central banks at the promised price of $35/ounce. The dollar is no longer connected to gold.

To hold down the price of gold, thereby forestalling the public’s awareness of the fiat money/gold ratio, central banks are today „leasing“ their gold. They deliver it to large gold brokerage houses, called bullion banks. The bullion banks pay central banks about one-quarter of one percent interest per year on the market value of the gold on the day they leased it. Then they sell the gold and invest the money at rates 15 times (or more) higher than they pay central banks. This transfer of gold out of central bank vaults is not counted as a sale by the central banks.

If the bullion banks were told to return the gold, they would have to buy it in the open market. This would drive up the price of gold. They are not asked by central bankers to return this gold.

[Note: I had the following on this page from the first day.] Gold is not a recession hedge. Don’t believe anyone who says that gold does well in recessions. It hasn’t in the post-1971 era, after Nixon closed the gold window.

I have written a manual on monetary theory and policy. It explains why the fiat money system that exists today is so dangerous. Today’s monetary system is literally an immoral system. Learn why here:

Honest MoneyHere are some free sample articles on gold. . . .

How the World’s Central Bankers Stole the Public’s Gold, Beginning in 1914. Gary North The international gold standard was always a government-created fraud waiting to happen. Shortly after World War I began, this fraud was consummated. Lesson: a government promise is never as good as gold. . . . keep reading Why a Thick Layer of Dust on Top of a Nation’s Gold Reserves Is a Good Thing. Selling the Gold to Private Buyers Is Even Better. Gary North The Opponents of Gold Hate the Fact That It Restricts Government Spending. They Love Government Spending — Even the Monetarists. . . . keep reading The Day the Bank of England Ran Gold Down to $256 — Selling Its Gold at the Bottom. Here’s Why. Gary North A seller of any commodity does not announce his sale in advance, for that might drive down the price. Yet central bankers always announce such sales. The reason is obvious: to drive down gold’s price. This is not irrational behavior, if you understand their peculiar situation. . . . keep reading Gold Is the Public’s Veto on Central Bank Monetary Policy. Gold Allows Us to Short the World’s Fiat Currencies. Gary North – September 28, 2005 Central banks have held down the price of gold by inflating less and by selling off their gold reserves under the cover of calling this „leasing gold.“ They cannot pursue either policy indefinitely without bringing on a worldwide depression. . . . keep reading