Ted Bauman

Ted Bauman Articles

What does it mean to “own” something? It’s a question you should be asking … especially if that something is gold. The Oxford English Dictionary defines ownership as “the act, state, or right of possessing something.” That sounds about...
Most of us remember cowboy movies in which a lonesome desperado acquires a sack of gold coins that everyone else wants. It’s a thankless task that typically doesn’t end well.
When I was a lad studying economics in between bouts of playing blues guitar, surfing, and drinking fine Namibian lager, professors taught my classmates and me the origins of paper money. Like the beginners we were, we Economics 101...
In 1792 the U.S. Congress adopted a bimetallic standard (gold and silver) for the new nation's currency - with gold valued at $19.30 per troy ounce