Gold Is Soaring, & Wall Street Calls It Debasement. But Is It?

There was a king of England called Henry VIII who was tall, fat, moderately tyrannical by 1500s standards, and prone to excess in palaces, clothes, wives, and prestige wars. He inherited great wealth from his father, and seized more from monasteries after breaking with the Catholic church, yet still ended up short on cash. So, he issued more of England’s silver coins at familiar face values, while gradually changing the base metal to mostly copper with silver coating. Read Full Article »