Cashless Society Threatens

By Mark O’Byrne – Re-Blogged From

Swedish authorities concerned cashless society is happening ‘too quickly’ and heading into ‘negative spiral’
– Only 25% of Swedes paid in cash at least once a week in 2017, 36% never use cash
– Cash usage in Sweden falling both as share of GDP and in nominal terms
– Sweden may be world’s first economy to introduce a cryptocurrency, the e-krona
– Cashless is not a disincentive for illegal drug trade, Guardian finds
– Gold in safe jurisdictions will protect against raids on cash and wealth

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All Fed up on Peak Debt

By David Haggith – Re-Blogged From The Great Recession Blog

How inflated with debt have we become? How long can we float on our own bloat? Reasonably trim in 1970, the sum of all debt publicly financed by the US government was $275 billion. Last week, the government sought to raise $258 billion in just one week! The weekly financing to keep the government afloat is now about equal to all the debt it amassed over the course of its first 188 years.

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Currency Exchange Value Dynamics

By Alasdair Macleod – Re-Blogged From

In a recent article I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem in the future. The key to understanding why this may be so lies in human reactions to the monetary consequences of the next credit crisis. The undermining of the dollar as a currency affects all other fiat currencies, because it is the reserve currency and all financial markets use it as the pricing medium for commodities and for much of international trade.

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Sacrificing Future Spending

By Gary Christenson – Re-Blogged From

Financial sacrifices are so obvious and commonplace they are seldom acknowledged.

Borrowing money on a credit card, mortgage or car loan to purchase something is typical. You have sacrificed future spending for use in the present.

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Silver To Gold Ratio

By Gary Christenso – Re-Blogged From

Silver prices move farther and faster than gold prices, both up and down. When long term rallies begin silver often lags gold as in early 2018. The current gold to silver ratio at eighty to one is high. Fifty-nine to one has been the average for 40 years. Prior to 1913 the average was about 15 to one.

An eighty to one gold to silver ratio shows prices for gold and silver are too low. At silver price peaks the ratio will drop to thirty or even fifteen to one.

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Gold’s Curious Sentiment

By Adam Hamilton – Re-Blogged From

Gold is faring quite well today technically, though you sure wouldn’t know it from the rampant bearish sentiment. Gold’s price is in a strong uptrend over a year old, high in both its current upleg and young bull market. Gold isn’t far from breaking out to its best levels since September 2013, a really big deal. The stock markets even finally sold off after years of unnatural calm. Yet traders are still down on gold.

Across all markets price action drives psychology. When something’s price is rising, traders get excited and bullish on it. So they increasingly buy to ride that upside momentum, amplifying it. Of course the opposite is true when a price is falling, which breeds bearishness and capital flight. Given gold’s great technical picture today, investors and speculators alike should be growing enthusiastic about its upside potential.

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Gold-Backed Cryptocurrencies: Icing On An Already Tasty Cake

By John Rubino – Re-Blogged From Dollar Collapse

The blockchain has discovered gold (or gold has discovered the blockchain). Either way, this means several things. First, the decades-long dream of a gold-backed cybercurrency may finally be realized. Second, gold and probably silver are looking at a big new source of physical demand. Third, the huge number of gold-related initial coin offerings (ICOs) in this largely unregulated pipeline will require buyers to learn how to tell the legitimate offerings from the scams.

Two probably-legitimate examples:

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