Larry White: What Is A Gold Standard? GLD, MUX, TNR.v, GDX

"Before 1974, U.S. dollars were backed by gold. This meant that the federal government could not print more money than it could redeem for gold. While this constrained the federal government, it also provided citizens with a relatively stable purchasing power for goods and services. Today's paper currency has no intrinsic value. It is not based on the value of gold or anything else. Under a gold standard, inflation was really limited. With floating value, or fiat, currency, however, some countries have seen inflation reach extremely high levels—sometimes enough to lead to economic collapse. Gold standards have historically provided more stable currencies with lower inflation than fiat currency. Should the United States return to a gold standard?"

Gold Standard In America By 2014! US States Don't Trust Fiat Money!

Austrian School of Economics: The Gold Standard in Theory and Myth by Joseph Salerno

"Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law . . . economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics."

— Ludwig von Mises, in Austrian Economics: An Anthology

  "CS. It is time for Education and Austrian School of Economics will the very good base for any well rounded individual. It is truly Amazing: How Our World Has Changed Even from 2005, just listen to the comments about the Gold price, US National Debt and Federal Balance Sheet. All Fundamentals are The Same - we have just moved from Billions to Trillions in a few very short years talking about Debt and FED.

  Gold provides the Golden Cuffs on The Government - It Is Not Able to Engage Private FED in order to create money out of thin air and debase the US currency, taxing the Savers and Expropriating Their Saving by Creating Inflation. Just remember How Much the Real Things were priced when you were  kids."

The History Of Money And Why US Dollars Are Issued By Private Bank - Federal Reserve System

Josep T. Salerno: The Birth of the Austrian School

  It is time for education - will it be different this time or basic laws of human nature and economics will be shaping the future even in the times of Great Deformation?

Austrian School of Economics: The Gold Standard in Theory and Myth by Joseph Salerno

"Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law . . . economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics."

— Ludwig von Mises, in Austrian Economics: An Anthology

What Is Our Money And Why China Plans To Move To A Gold Backed Yuan Currency.

  "This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."

Alan  Greenspan  1966. "Gold and Economic Freedom" 

Gold - The Perfect Storm.

  We will run a few stories, which caught our attention this week.

Maquire - Perfect Storm In Gold As LBMA & COMEX Collapsing

"So you have a perfect storm here.  This (Western gold) bullion is not coming back.  It’s being re-melted, cast into kilobars, and it’s ending up directly in Eastern hemisphere central bank and sovereign vaults.  And all of this time the bullion banks are calling for lower prices, and the mainstream media is touting a bear market.  The bullion banks are fully aware of this threat, and they are exiting these mismatched short positions."

TNR Gold: McEwen reckons gold stocks will rise in 2013 MUX, TNR.v

  Gold Melt Down stage 2 did not happen on Friday even with US Dollar popping up on Yen 100 line breakdown. After initial dive Gold has recovered very nicely in the second part of the day. Every hedge fund manager and their grandmother are Short Yen now. We will caution them that Apple style blood bath could be just around the corner. 

  Any thought about FED even just "considering the limiting of the Drug Supply" is totally unbearable for the Wall Street now, divergence between the Market and Real Economy is just frightening. So, we guess, that Mouth Open Committee will be preparing for the Operation Withdrawal like for the Second Coming. There will be a lot of talk, some faith and it will be going for a long, long time...

  Meanwhile China will graciously accept all the Gold thrown in the market.

Gold, US Dollar And Here’s What China Is Secretly Planning for the Yuan

  Few more pieces of the Puzzle are getting into their place now. Currency wars will claim the US Dollar Reserve Status as its first collateral damage.

China’s Gold Purchases From Hong Kong Expand to Record

Gold Is Trashed, Cash Is Confiscated - Stocks And Treasuries Are At All Time High.

  FED's mission is accomplished now? In coordinated actions Special Op Gold Wash Out has an attempt to kill confidence in real ultimate currency - Gold and Cyprus Deposits Confiscation showed the new blue print for socialist all around the world. Talking heads are screaming on CNBC: "What else would you Buy?" It looks like the secret of internal market youth is found by the FED and they will start to print Jobs, Oil and Gold any minute from now. Stocks and Treasuries will levitate now forever...

  The only problem is that all this exercise has unleashed so strong demand for the physical Gold as never before. The longer it goes - the harder will be the crash in the inflated markets coming down to the economic reality.

ZeroHedge:

Chinese Gold Imports Soar To Monthly Record On Insatiable Demand

China Moving To Dominate The World With Gold Purchases

Turk - Incredible Chart, Look For $12,000 Gold & $600 Silver

Why There May Be a Lot Less Gold than We Realize

"Exactly How Much Gold Do We Have?

There's growing concern that a lot of official gold has been leased out into the market and that sooner or later, as happened back in the late 1990s, one or more parties, perhaps bullion banks or a metals exchange, would run into difficulty trying to meet a physical gold delivery commitment."

The Single Most Important Chart For All of 2013