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Category Archives: Let’s Get Physical
Why Gold is Money
It’s an unfortunate historical anomaly that people think about the paper in their wallets as money. The dollar is, technically, a currency. A currency is a government substitute for money. But gold is money. Now, why do I say that? … Continue reading
The World Gold Standard of 1870-1914: the Most Perfect Monetary System Ever …
The most perfect monetary system humans have yet created was the world gold standard system of the late 19th century, roughly 1870-1914. We dont have to hypothesize too much about what a new world gold standard system could look like. … Continue reading
Historical Sketch of Paper Currency
ART. XIII. -HISTORICAL SKETCH OF PAPER CURRENCY Hon. C. Gayarre, pp. 77-87, 1866 INVENTION OF PAPER MONEY- FRENCH EXPERIENCE – JOHN LAW ENGLISH EXPERIMENTS – COLONIAL – RUSSIAN – CONFEDERATE STATES – OUR NATIONAL CURRENCY. This article, which has been … Continue reading
Franklin D. Roosevelt & Gold Confiscation
Facsimile of Executive order April 5, 1933 (emphasis added) POSTMASTER: PLEASE POST IN A CONSPICUOUS PLACE. JAMES A. FARLEY, Postmaster GeneralUNDER EXECUTIVE ORDER OF THE PRESIDENT issued April 5, 1933 all persons are required to deliver ON OR BEFORE … Continue reading
Gold and Economic Freedom
This article originally appeared in Ayn Rand’s newsletter: The Objectivist published in 1966, and reprinted in her book, Capitalism: The Unknown Ideal. Unlike his years as Chairman of the Federal Reserve, Greenspan can speak in English when he wants to … Continue reading
The Legend of Jacque Dupré
At the end of World War I, in the year 1918, Frenchman Jacque Dupré inherited the equivalent of $325,000.00 American dollars. Dupré used his inheritance wisely by converting it all into French, 20 franc gold coins. Each day for the … Continue reading
