Back in the final, dying days of 2012, Paul Tustain here at BullionVault offered a little fable to explain why money exists, how it is created by banks today, and why things could get very ugly tomorrow.
You just can't keep a good business down. Take note, US government and governments everywhere. The free market is more fit for survival than the state could ever hope to be. This is more than just the struggle of some betting site to keep making money.
While Americans were submitting their ballots, gold rallied on the possibility of a President Obama reelection. With results confirmed, it appears that Ben Bernanke’s job of hovering over the economy and dropping money out of his helicopter is secure.
Gold investors have recognized the correlation by returning to gold en masse. In August, investors rushed into gold, with the massive inflows of money going into the gold exchange traded products in August more than each of the prior five months.
The poor Republicans have their Mitt in the wringer. Everyone is ranting and raving against him. Why? Well, he's mostly right. But the 47% that Mitt was talking about don't really live "off the government."
Fears over where the dollar is headed – especially with continued money printing from the central bank – has pushed safety-seekers into investing in silver and gold. The idea of using gold and silver as an alternative currency has spread as the metals have grown more valuable.
The Alliance LLC vice president doesn't believe everything he reads from manufacturers claiming they can swap out rare earth elements for cheaper, more accessible materials and miners insisting they can fill every gap in the rare earth supply chain.
Without critical materials many technologies, products, gadgets and toys, would not exist. The US used to be the world’s leader in development and production of high-tech magnets, it can be again, but not without required rare earth oxides.