Haystack January 2012
Posted: 01 Jan 2012, 09:51
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LvMRasta wrote:Ivo Cerckel: The Chamber-Pot of Wim Duisenberg
In his 9 May 2002 Acceptance speech of the International Charlemagne Prize of Aachen for 2002,
Dr. Willem F. Duisenberg, President of the European Central Bank,
said that
“what Sir THOMAS MORE said of gold five hundred years ago – that it was MADE FOR MEN and that it had its VALUE BY THEM – applies very well to the euro.” (1)
“When THOMAS MORE, for example, endows the criminals in his utopia with golden chains and the ordinary citizens with gold and silver CHAMBER POTS, it is in something of the spirit that leads primitive mankind to wreak vengeance on lifeless images and symbols”,
says Ludwig von Mises in his “The Theory of Money and Credit”, (2)
Thomas More mentions the being-made-for-and-valued by men
and the chamber-pots
in the same Book 2, of his “Utopia”, (3)
Whose interpretation of Thomas More’s “Utopia” is correct?
That of Wim Duisenberg or that of Ludwig von Mises?
http://gwyde.blogspot.com/2012/01/miner ... cious.htmlThe focus of this article is on the gold and silver miners from a tactical point of view: how do PM miners perform relative to the price of gold or silver. Data used are 2011 end-of-year.
Special attention is paid to the miners covered by the database 'Canadian gold and silver mining', for which a capital weighted index of gold- and silver miners is calculated. Aggregated performance is one thing, it's also very illustrative that miner and explorer performance has been diverging from outperforming the metals by a wide margin to losing ground completely.