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Tag: What is Money?

The Difference Between Money & Currency

QUESTION: Mr. Armstrong, there appears to be a dispute between what is money and what is a currency. Can you define each easily? Thank you LW...

Money Has Always Been What Was Available

QUESTION: Mr. Armstrong, most of the people in the gold community say you are wrong and gold has always been money. Would you care to respond? ANSWER: If you want...

Do the Reserves of a Nation Matter Anymore?

The goldbugs spun the tail that China was going to save them by making gold $50,000-$100,000 an ounce because money, in their minds, has to be tangible. However,...

Money vs. Fiat

QUESTION: Why do you do not see that money must be backed by something tangible? ANSWER: That is an antiquated barter perspective; you are blind to reality. Your...

Did Gold Survive the Depression?

Some people totally confuse gold and money. During the Great Depression, we were on a gold standard. During a decline, ALL assets will decline against whatever is...

Gold Confusion

COMMENT: Good Evening Martin, Great blog on the Gold Martin. Don’t bother with the nay -sayers. Most probably he got stock with too much gold and silver....

Why Money Need Not Be “Tangible”

COMMENT:  You said: “The wealth of a nation is the total productivity of its people. If I have gold and want you to fix my house, I give you the gold for...

Why This Week’s Low is So Important

The Dow fell as far as it could possibly go without reversing the trend on a long-term basis, even technically. The low this week has been 15370.33. This has...

Gold & Reality Going Forward

COMMENT: Martin, It has been a long time since ….. has sent out a blog post, but I got one today. When Mr. …. probably first started slamming you for...