In 2013 the price of gold bullion lost 28 percent and closed near its low for the year. It was the first annual decline since 2000 and the worst since 1981. Gold ETFs experienced record redemptions, shrinking the funds 33 percent by year end, but they were the exception. Marcus Grubb, Managing Director of the World Gold Council, reported, “2013 has been a strong year for gold demand across sectors and geographies, with the exception of western ETF markets.” While investors were leaving ETFs, demand for gold jewelry, bars and coins was increasing, as were purchases by central banks. Globally, consumer demand increased 17 percent for gold jewelry and 28 percent for bars and coins.
Author: Edmund Contoski
The full bill for Obama’s failed economic policies has yet to arrive. But no such explosion of debt has ever escaped a day of reckoning, and no such monetary surge has ever had a happy ending.
“If you like your health plan, you can keep it,” is the Lie of the Year, according to PolitiFact. But Barack Obama has been operating under an even more momentous lie for his entire presidency.
Hundreds of thousands of government workers were laid off, national parks, monuments and other federal tourist attractions were closed, veterans were shortchanged, etc. All because the Republicans in the House of Representatives didn’t vote the necessary money for them, right? Wrong!
[First posted at American Liberty.] A new crisis is looming in the housing/mortgage industry when the worst seems to have passed for Fannie Mae and Freddie Mac. Those two GSEs[...]
Jobs growth has not even kept pace with growth in the working-age population, must less restored jobs lost in the recession. The working-age population increased by 206,000 in September while[...]
Americans for a long time have felt what they are being told about inflation doesn’t fit with their own experiences in paying monthly bills. Over the years the government has[...]
The above was produced more than 30 years ago by Petr Beckmann, a professor of electrical engineering at the University of Colorado. The intervening decades have not altered the validity[...]
The following is by guest columnist Tim Nerenz. It is a great rebuttal to democratic Senator Harry Reid’s assertion two days ago on the floor of the U.S. Senate that[...]
(Cross-posted from American Liberty.) The decline of American public education, documented by a plethora of objective tests for decades, is so well known it requires no documentation here. What I[...]