gold

2 essays in the Forum tagged "gold".

April 19, 2026New Austrian Economics

Why Gold Didn't Spike: A Fekete Diagnosis of the Iran War

During the 2026 Iran war, gold traded flat and central banks became net sellers. Standard gold-bug frameworks cannot explain this. Antal Fekete's backwardation framework predicted exactly this pattern twenty years ago.

goldFeketeIran warbackwardation monetary theorycentral banks

April 1, 2012

Monetary Power to the People

Money is a medium in McLuhan's sense — an extension of the human body that amplifies the capacity for exchange. Understanding this is the critical path to navigating the financial disruptions of the present age.

MengerMcLuhanmoneymedia theorygoldsaleability monetary theory