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<h1 class="entry-title">Tag: Venezuela</h1>
07 May
eventually that will fail

Is Today’s Venezuela the Future of America?

Charlie Munger knows what’s going on, and he has some warnings about printing more money. “Both parties have learned they can print all the money they want.” We couldn’t have said it better ourselves.   In fact, we have said it.  Over and over again. But this time it’s not us.  This time it’s Charlie […]

29 Jan
Venezuela's hyperinflation

The Fall of the Venezuelan Economy

The New Venezuela Q:  How many Venezuelan bolívars does it take to buy an ounce of gold? A:  Who cares? It’s a good joke because no one we know, or can reasonably imagine, would be willing to trade perfectly good gold for bolivars, knowing full well that the bolivars taken in exchange today will likely […]

27 Nov
monetary lab experiments

Monetary Lab Experiments

The failure of a currency is not a pleasant thing.  It is usually accompanied by widespread social unrest, crime, impoverishment, and ruin. Venezuela is like a laboratory experiment in currency failure – something going on before out very eyes.  Of course, a lab experiment is useful only if something is learned from it.  Yet there […]

02 Sep
gold ingots

Trade Talk and Dollar Weakness Supported Gold This Week

Dollar Weakness Supported Gold Precious metals headed higher this week with gold hovering around $1,200. Dollar weakness supported gold prices, but gold stayed fairly quiet. Silver hovered around $14.50. Trade talk once again was a mover for both gold and the dollar. President Trump announced the possibility of new tariffs for China in the ever-escalating […]

25 Feb
BRICS

Gold Buying Goes Up Around the Globe As BRICS Countries Eye More Gold, Venezuela Toys with Gold Backed Cryptocurrency

Russia Passes China in Gold Holdings as Gold Buying Goes Up Around the Globe The Russian central bank passed China last year in increasing gold holdings as gold buying goes up around the globe. Russia has been buying gold every month for almost three years, while China’s accrual has tapered off slightly. This past month, […]