Here are some interesting articles published by me in the past. I hope you enjoy the reading.

Mr. John Lee, CFA
johnlee@goldmau.com

2008 - Start of a Run for Gold (April 4, 2008)

"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose. "

John Maynard Keynes
Economic Consequences of the Peace
1919

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

Henry Ford
1863-1947

"Inflation is related to monetary policy. It's related to the issue of money. The issue of money is a governmental responsibility predominantly, and to use that authority in a way that leads to inflation is a system that fools a lot of people, and to keep fooling them you have to do it more and more; [that] is a moral issue. I put myself in that camp. "

"Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost."

Remarks by Governor Ben S. Bernanke
Before the National Economists Club, Washington, D.C.
November 21, 2002

"We decided to give credit for checks deposited with us on the next day, when it would normally be done, even though all the planes carrying the checks were on the ground. We couldn't collect the checks, but we pretended we were collecting the checks and we gave credit for those checks, and created an enormous amount of float — which by law we're supposed to treat as a real cost to us." (aftermath of 9-11)

Robert McTeer, head of the Federal Reserve Bank of Dallas
World Affairs Conference in Houston
May, 2004

"It seems persuasive that, given the size of the U.S. current account deficit, a diminished appetite for adding to dollar balances must occur at some point,

Rising interest rates have been advertised for so long and in so many places that anyone who hasn't appropriately hedged his position by now obviously is desirous of losing money."

Alan Greenspan at a banking conference, Frankfurt Germany
Nov 19, 2004
(Gold $446, Dollar 83.28, 10 year note 4.2%)

"In those days the trade imbalances got settled in gold--and when they ran out of gold, people stopped doing business with you."

David Ricardo, the 19th-century trade theorist
Recited by Warren Buffett on Forbes Magazine
December 29, 2004
(Gold $442)

"I'm short the dollar. The ol' dollar, it's gonna go down.

We're in uncharted territory when the world's reserve currency has so much outstanding debt. It is a bit scary."

Bill Gates, chairman of Microsoft Corp.
Speaking at the World Economic Forumin Davos, Switzerland
Jan 28, 2005
(Gold $428)