Sierra Madre Precious Metals

It is quite interesting to go back in time – specifically to March 16, 2014 – and come up eleven years when this issue has once again come to the forefront. ~ Editor

March 16, 2014 ~ The assumption by global depositors who have entrusted their national savings with the Federal Reserve and US Government has always been that when they request to repatriate their holdings the Fed would simply open the vault, access said assets and ship them back to where they belong. Continue reading →

A new book by economist Peter Temin finds that the U.S. is no longer one country, but dividing into two separate economic and political worlds

April 20, 2017 ~ You’ve probably heard the news that the celebrated post-WW II beating heart of America known as the middle class has gone from “burdened,” to “squeezed” to “dying.” But you might have heard less about what exactly is emerging in its place. Continue reading →

January 18, 2008 ~ Gold is a valuable thing to store. However, it is not a store of value.

Gold has intrinsic properties that make it valuable. However, it does not have intrinsic value.

I mention this, because, at some point, you will read about gold as a store of value. You will read of gold’s intrinsic value. Every time you read either of these phrases, you will know that the author does not understand economic theory.

Consider this. The price of gold has moved above $1400 an ounce in recent days, up from the low $1300’s. Presumably, this has been in response to the turmoil in Libya, which has reduced the immediate supply of oil. The rising price of gold indicates the possibility of continuing turmoil in the Arab world.

These fluctuations in the price of gold indicate that immediate changes in external circumstances can affect the price of gold. There has been an unexpected increase in the demand for gold. Continue reading →

December 11, 2013 ~ “If we evaluate an organization’s performance by what it promised when it was created, the Federal Reserve has clearly failed the American people,” is how Murray Sabrin concludes this documentary on the first 100 years of the Fed’s reign. The sad truth, he details, is that “the USD has lost more than 95% of its purcahsing power since the Fed was created and the cost of living has skyrocketed since Nixon severed the last linkage between the USD and gold in 1971.” In short, the revolution of 1913 shifted power from individuals, communities and states to the federal government and its powerful allies in the private sector. Continue reading →

Artist: MiMo – Wall Street New York – 2015