Philipp Bagus

Philipp Bagus Articles

A paper currency system contains the seeds of its own destruction. The temptation for the monopolist money producer to increase the money supply is almost irresistible. In such a system with a constantly increasing money supply and, as a...
Still unnoticed by a large part of the population is that we have been living through a period of relative impoverishment. Money has been squandered in welfare spending, bailing out banks or even — as in Europe — of fellow governments. But...
It is estimated that the total amount of gold mined up to the end of 2011 is approximately 166,000 tonnes.