Craig Rhyne, Washington Gold Exchange

Real Money News

• WHY IS THE PRICE OF OIL SO HIGH? March 29, 2012
  When America’s dollar was gold-backed, its purchasing power was steady.  From 1873 to 1973, the price for one barrel of oil moved within a $2 range.  For one hundred years, the dollar had a stable relationship with oil.  After WWII until 1973, the price for crude oil was $2.57 – $3.57 per barrel.  For twenty-five years, […]
  Denise Rhyne
• WHY IS THE PRICE OF SILVER SO LOW? December 6, 2011
  For every 100 oz. of silver sold on the exchanges, it is estimated less than 1 oz. of silver is stored – more than 100 to 1 leverage. Does “fractional reserve metals trading” sound like a Ponzi scheme to you? W H Y  I S   S I L V E R  S O  L O W […]
  Denise Rhyne
• THE 1980 SILVER SHORT SQUEEZE December 6, 2011
  The last major silver short squeeze was in 1980.  During the squeeze, the New York and Chicago exchanges halted silver trading several times.  Whenever markets were disrupted, the silver price quoted in New York didn’t quite match the price buyers had to pay for the actual metal. Premiums above the spot price for silver got […]
  Denise Rhyne
• WHAT IS A NAKED SILVER SHORT SQUEEZE? December 4, 2011
  Naked short selling artificially drives down prices to levels that do not reflect the true supply and the true demand.          N A K E D    S H O R T I N G A commodity short sale is “naked” if the seller doesn’t have the goods to fill a commodities contract. […]
  Denise Rhyne
• CENTRAL BANKS DUMPING DOLLARS – BUYING GOLD October 24, 2011
  If the U. S. dollar is a “safe haven,” why are central banks dumping dollars for record amounts of gold bullion?  In 2011, central banks bought more physical gold and at a faster pace than they did in 1964 and the years leading up to the 1971 closure of the United States “gold window.”  In […]
  Denise Rhyne
• “TRADER VIC” HAS DONE THE MATH October 24, 2011
  Perhaps, you own very little gold.  In general, international buyers appreciate gold’s value more than most Americans do.  Many outside the U. S. have learned to distrust paper money from experience. People from just about everywhere used to sit at my desk and tell me their survival stories: An old German woman fed her family […]
  Denise Rhyne
• CHAVEZ DEMANDS THE RETURN OF VENEZUELA’S GOLD October 24, 2011
  Venezuela’s Hugo Chavez carried out his threat to nationalize gold mines August 23, 2011.  He then demanded the return of 210 metric tons of gold bullion stored in the Bank of England and other bullion banks.  Chavez accused central banks of storing gold-plated titanium bars, calling their alleged ruse “virtual gold operations.”  Last summer, rumors […]
  Denise Rhyne