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Gold is the quintessential symbol of wealth and status. Throughout history, displaying, adorning oneself with, spending, and stockpiling gold have been the ultimate expressions of power. Gold bathrooms? A matter of taste. Proponents of the gold standard rely on the historic stability of this metal as the rationale for its use as the foundation for […]

Gold has always held intrinsic value and, since ancient times, has been revered for its beauty, association with the divine, and as a representation of wealth and status. Gold coins were among the first currency in ancient times. Because gold’s value is universally accepted, its use as currency eventually became standardized. In 1816, Britain officially […]

This past March, China launched trading of the yuan-denominated crude oil futures contracts. These are the first futures that have been listed on China’s mainland to overseas investors. Given that China is the largest importer of crude on the planet, Asia Times called the launch of the petro-yuan a “geoeconomic game-changer.” But what does this […]

Government bureaucrats, central bankers, and Wall Street executives all have reasons for ridding the masses of their cash. It should be no surprise to anyone that they are working together to achieve that goal. But why? The self interest of bureaucrats is one factor, they don’t like privacy. They dream of the day when they […]

Grant Williams’ presentation from Mines & Money in London in December 2016. A follow-up to Nobody Cares which focuses on gold’s performance in 2016, the reaction to Donald Trump’s election and joins a series of dots that may lead to the end of the petrodollar system and a new place for gold in the global […]

Many loyal customers of Jack Hunt and followers of this blog may recall our article from April of this year titled War on Cash. That article dealt with the potential for the future abolition of currency, both in the United States and abroad. The speculative nature of that blog has suddenly become far more credible […]