Gold Classics Library
Timeless and treasured essays collected over our more
than two decades on the world wide web
Money and Politics in the Land of Oz
by Quentin P. Taylor
L. Frank Baum claimed to have written The Wonderful Wizard of Oz “solely to pleasure the children” of his day, but scholars have found enough parallels between Dorothy’s yellow-brick odyssey and the politics of 1890s Populism to suggest otherwise. Did Baum intend to pen a subtle political satire on monetary reform?
The Nightmare German Inflation
by Scientific Market Analysis
The many parallels between 1924 Germany and present-day United States are cause for concern. Whether or not there will be a Nightmare American Inflation remains to be seen, however, the trend is not favorable. This report points out that the survivors of the German debacle did so by purchasing gold early in the process.
Gold and Economic Freedom
by Alan Greenspan
“[T]he welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale.”
Who Owns and Controls the Federal Reserve?
by Dr. Edward Flaherty
Is the Federal Reserve System secretly owned and covertly controlled by powerful foreign banking interests? If so, how?
Gold Seizure: How it could happen and what you can do about it
by David L. Ganz, J.D.
Much has been offered in the way of opinion on the matter of a potential gold confiscation, but too little of it is well-researched, well-informed and grounded in a true understanding of the laws and regulations involved. Herein the author, a prominent New York City attorney who specializes in numismatic and precious metals’ law and is often called upon by Congress to offer testimony in this regard, unravels past legal precedent and offers practical suggestions on a course of action for those concerned with the possibility of a contemporary confiscation.
Layman’s Guide to the Rules and Laws of Finance and Investment
There is an old saying that not all that glitters is gold — as in the gold coins many of you have held in your hands. There is another kind of gold that inhabits the practical wisdom of the ages. In today’s “go-get-’em,” “read-it-and-forget-it” world of everyday web browsing, it can be a challenge to separate the run of the mill from the meaningful.
Britain’s Gold Sales ‘a Reckless Act’
by Sir Peter Tapsell
In this speech before the House of Commons, June 16, 1999, Sir Peter Tapsell argued vigorously to keep the government from selling off over half of the country’s gold reserves. It remains one of the most eloquent speeches ever made on the merits of gold ownership for nation states and individuals alike.
Alan Greenspan-Ron Paul Congressional Exchanges
The Congressional exchanges with Ron Paul Here we spotlight Fed Chairman Alan Greenspan’s remarkable and extended dialogue with Representative Dr. Ron Paul from 1997 – 2005 before the Congressional Committee on Financial Services.
The ‘Criterion’ Speech on Gold
by Charles DeGaulle
Delivered at the Palais de l’Élysée in 1965, Charles DeGaulle’s “Criterion” speech remains perhaps the most eloquent short discourse ever delivered on gold’s historical role as the final arbiter of value.
Fiat Money Inflation in France
by Andrew Dickson White
The famous study on the late 1700s runaway inflation in France. White reveals toward the end of the essay how those who had the wisdom to keep their savings in gold weathered the inflationary storm.
The Wit and Wisdom of Cartoonist Ed Stein
Cartoonist Ed Stein is no stranger to readers of the USAGOLD website. We have featured his award-winning, widely-syndicated cartoons for a good many years. When the Rocky Mountain News, where he plied his trade since 1978, went under, Stein went freelance. The Rocky’s loss became our gain.
Extraordinary Popular Delusions and the Madness of Crowds
by Charles Mackay
We include this remarkable study with an agenda. If the rising generations now receiving their education, or even their more jaded elders, find application in their own investment philosophy, then the purpose of this Gilded Opinion entry has been served. Complicated and timelessly revealing, here you will find examples of herd behavior, delusion, mania, craftiness, and financial loss and gain.
Ten Rules For Investing In Gold
by John Hathaway
Gold is a controversial, anti-establishment investment. Therefore, do not rely on conventional financial media and brokerage house commentary. In this area, such commentary is even more misleading and ill-informed than usual.
The Scientific Tale of the Creation of Gold
by Robert Krulich
Only in a supernova is it possible to create atoms with 30 protons, 40 protons, 50 protons or even 60 protons. Nature prefers even numbers for stability…Gold is a rare, odd-numbered atom with 79 protons.
by Colin Seymour
Optimism was abundant as the stock market crash of 1929 unfolded. Seymour offers an oft-referenced chronology sure to raise an eyebrow.
Gresham’s Law in the History of Money
by Dr. Robert A. Mundell, 1999 Nobel Laureate
Gresham’s Law is not a statement about static conditions; it is a statement about a dynamic process. “Good money drives out bad if they exchange for the same price” is an acceptable expression of Gresham’s Law. But a better statement of it is that “Cheap money drives out dear if they exchange for the same price.”
The Only “Why Gold” Infographic You Will Ever Need
by Jeff Desjardins
This five-part infographic on gold will educate and delight prospective and experienced gold owners alike. Not the stuff of dry economics, it reveals in roughly 15-minutes viewing time how gold came to be mankind’s most revered form of money and safe haven asset, and why it is likely to remain so for a long time to come.
A word on USAGOLD – USAGOLD ranks among the most reputable gold companies in the United States. Founded in the 1970s and still family-owned, it is one of the oldest and most respected names in the gold industry. USAGOLD has always attracted a certain type of investor – one looking for a high degree of reliability and market insight coupled with a professional client (rather than customer) approach to precious metals ownership. We are large enough to provide the advantages of scale, but not so large that we do not have time for you. (We invite your visit to the Better Business Bureau website to review our five-star, zero-complaint record. The report includes a large number of verified customer reviews.)