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Archive for September, 2007

The dollar below 79 on the US$ Index

For years, analysts said that if the dollar dropped below 79 on the US$ Index it could spiral downward in a precipitous drop. Well, the dollar is trading below 79 and fears of a big dollar decline are...

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Posted by Bill Haynes on September 27th, 2007

Category: The Dollar

Spain’s central bank concludes gold sales

Having concluded the sale of 150 tons of gold this year under the Central Bank Gold Agreement (CBGA), the Bank of Spain (Spain’s central bank) announced that it “plans no more significant gold...

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Posted by Bill Haynes on September 19th, 2007

Category: Gold

Gold, back in vogue

With gold making a strong move above $700, there is not shortage of articles about it. Thursday, mineweb.com posted three articles after the release of GFMS’ first update of it 2007 Gold Survey....

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Posted by Bill Haynes on September 14th, 2007

Category: Gold

Gold coin buyers beware

A man with whom we have not done business called early this morning. He said he found us on the Internet, doing a search because a dealer from whom he bought coins last year would not return his calls....

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Posted by Bill Haynes on September 11th, 2007

Category: Gold Coins

More government intervention

One of the tenants of Austrian Economic Theory is non-intervention in the marketplace. However, this concept is lost on economists who think that they know better than the marketplace when it comes to...

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Posted by Bill Haynes on September 7th, 2007

Category: Money Markets

More on the dangers of central banking

Most investors buy gold because of what the Federal Reserve System, the Fed in today’s lingo, does, which is inflate the money supply with paper money. Sadly, the history of paper money, when not...

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Posted by Bill Haynes on September 4th, 2007

Category: Money