Category: Gold

Banking, Booms and Busts, Economics, Gold

The Panic of 1819: America’s First Economic Crisis

The Boom Before the Bust Following the War of 1812, the United States entered a period of rapid economic expansion. A surge in land speculation, fueled by easy credit and an abundance of paper money issued by state and local banks, led to skyrocketing land prices. Farmers, merchants, and speculators eagerly borrowed money to purchase land, believing that values would continue rising indefinitely. This speculative … Continue reading The Panic of 1819: America’s First Economic Crisis

Unknown's avatarTim SweeneyLeave a comment
Banking, Gold

The Paper Gold Manipulation: How Derivatives Control Gold and Silver Prices

The price of gold and silver can be manipulated through derivatives contracts by fractionalizing the physical metal held at the COMEX (CME Group’s futures exchange) and the LBMA (London Bullion Market Association). This is done primarily through the issuance of paper gold and silver, which represents claims on physical metal but is often backed by only a small fraction of actual bullion. Derivatives Market vs. … Continue reading The Paper Gold Manipulation: How Derivatives Control Gold and Silver Prices

Unknown's avatarTim SweeneyLeave a comment
Gold

The Price of Gold During the Weimar Hyperinflation

The Weimar Republic’s hyperinflation, particularly between 1921 and 1923, stands as one of the most extreme instances of currency devaluation in modern history. As the value of the Papiermark disintegrated, the German population experienced devastating financial losses. During this time, many turned to gold as a lifeline—demonstrating its enduring role as a safe haven when fiat currencies fail. The Early Stages of Hyperinflation As the … Continue reading The Price of Gold During the Weimar Hyperinflation

Unknown's avatarTim SweeneyLeave a comment