Gold and the Budget Deficit

All gold bugs have fond memories of the year 1979. In that year, the price of gold rose from $250/oz. to $600/oz. The reason was not hard to find. Prices in the U.S. that year rose by 13.3%. The newspapers were screaming, “Double Digit Inflation.” Gold was going...

On the Road to Hyperinflationary Destruction

The deflation / inflation debate is one that will not die until each phase has played out. In The Path to Hyperinflation Jordan Roy-Byrne breaks down the three stages we’ll experience: In the first stage, the economy enters a recession after a large credit...