Notre Dame

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My wife Michelle and I spent a few days in France on our honeymoon. One of the most intellectually exciting and musical moments came to us at Notre Dame Cathedral in Paris.

Construction of the church began in 1163 and Notre Dame played a role in the evolution of Gregorian Chant (10th Century) into Renaissance (14th Century) and eventually into music as we know it today. The high ceilings and cool stone architecture made it the acoustic gem of the era, appealing to the fundamentals of not only our deepest beliefs, but also the root of all sound.

It was a dark and not-so-stormy night; no rain. The church was about to close and the crowd had dwindled to just a few stragglers. We decided to give the legendary acoustics a test run.

I was a tenor in my youth able to hit high A’s on a good day, but time relegated me to baritone. Michelle, a torch singer from years gone by, has a deep mezzo vocabulary. We decided that between us we had the makings of some serious fundamentals – all in the key of G.

I started with my best note, a G on the 2nd harmonic. It was low enough but it needed some work to meld itself into the nooks and crannies of the stone walls. After a minute, and several much-needed deep breaths, Michelle joined in with a D on the 3rd harmonic. We took our time to work on pitch and tone and after another minute or so we found each other. Then it happened!

From the ceiling came a hint of the major third (B), the 5th harmonic, but it disappeared quickly. We locked eyes and focused on the task at hand – pitch and tone, pitch and tone. Then it came back, this time with a taste of the 4th harmonic, the octave above my low G.

By now we were breathing together in slow drawn out phrases of about six seconds each, grabbing quick breaths and starting new notes before the old ones had a chance to dissipate. Our open-fifth drone began to feed upon itself and as the faux chorus-effect kicked in, the heavens erupted in a rainbow of new notes.

With the major third (5th harmonic) and tonic (4th harmonic) solidified, the D one octave above Michelle (6th harmonic) began to resonate. And then beyond belief, the minor seventh (F) appeared!

From the 12th century, the 7th harmonic became the basis for the next 500 years of western music evolution. The augmented 4th relationship between the third of the chord (B) and the minor seventh (F) creates the harmonic tension inherent in the cycle of fifths and all secondary-dominant chord progressions. Referred to by the Renaissance-era church as the “devil in music” (perhaps it lead to dancing?), the augmented 4th is the foundation of the tension-release forward motion found in the baroque, classical, romantic, 20th century, jazz and pop styles.

Pitch and tone, pitch and tone – it was hypnotic, spellbinding, thrilling. Passersby watched and seemed entertained but likely had no idea of the significance of the moment nor the history of what, almost 1000 years ago, would have been a truly religious experience. Pope Gregory would have been proud.

Yeah, just yanking your chain here. We would have loved to have enjoyed this acoustic adventure, but when we visited Notre Dame Cathedral we did not go inside. The line-up to get in stretched across the main square all the way to the next bridge, so we left. But it would have been a lot of fun!

Gold Goes East

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The gold bubble burst last year but gold is back now and supported with some solid fundamentals for long term growth.

The Nixon shock measures of 1971 cancelled Bretton Woods and moved the world currency valuation standard away from gold to the U.S. Dollar. Without the underlying support of a measureable tangible asset, we were set on a path of spiralling, systemic inflation. The present calamity in global financial markets has been well-forecasted.

Countries all over the world continue to print unsubstantiated cash supplies. The M3 number, which ceased being publicly available in 2005, was the main component used in determining the true value of the US Dollar (i.e. all U.S. assets divided by all U.S. money-in-print). The only basis for currency valuation at this time is held by the U.S. government.

The existing fiat-currency cash bubble is both fascinating and disturbing. Considering the brain power and millions of man-hours thrown at managing the global financial industry, the elephant-in-the-room cash bubble is strangely silent and odour-free. One does not have to be a conspiracy theorist to appreciate the extent to which the value of gold has been self-servingly manipulated by the U.S. government; trillions of dollars per year created from thin air with no inflation. A return to a Bretton Woods model of asset-based valuation would expose the flaws and deception inherent in the existing system, and the U.S. government would never willingly return to this level of scrutiny or accountability. Likewise, economists and financial planners will never back a return to gold as a world currency; multi-million-dollar paychecks are tied to supporting the backroom machinations of bank bail-outs. But the inevitable transition is coming and all of these stakeholders have been relieved of the burden of making this decision for us.

China has spent the last five years amassing tons upon tons of gold. As the speculative market in ETFs diminished and the value of gold dropped, China was able to triple their stockpile and has become a major player in international gold holdings. An aggressive mining acquisition program combined with shrewd market-price negotiation (i.e. all gold mined by companies they partner with – inside and outside of China – must be delivered to and stay in China) ensured a constant and exponentially increasing inventory. Equally aggressive was a program to promote the purchase of gold to its own citizens through retail stores dedicated to the distribution of real gold assets, supplying an eager population with everything from jewellery to gold bars.

Why? China knows that the trillions of U.S. Dollars still held in their reserves are quickly becoming worthless. Their five-year mission to convert as much of their U.S. Dollar portfolio to hard-asset mining companies has been successful and they are ready to implement the next step.

China’s intention to have the Yuan/Renminbi become the world’s trade currency is no secret. Supported by gold reserves, it will be promoted as the safest and most stable choice for international business. The world’s fiat currencies will establish their market value through the trading of tangible hard-assets in established market systems, just like the good old days.