QUESTION: Mr. Armstrong, there appears to be a dispute between what is money and what is a currency. Can you define each easily? Thank you LW ANSWER: “Currency” is an official monetary instrument used in commerce. Currency must be “legal tender,” which means the government will accept it in payment for taxes. “Money” is a much […]
QUESTION: Mr. Armstrong, most of the people in the gold community say you are wrong and gold has always been money. Would you care to respond? ANSWER: If you want to believe propaganda, that is fine. Have a nice day. I do not understand why people distort the truth to support their biases. The three […]
The goldbugs spun the tail that China was going to save them by making gold $50,000-$100,000 an ounce because money, in their minds, has to be tangible. However, China’s $3 trillion-plus in foreign currency reserves was the biggest stockpile in … →