Tag: gold

When Gold And Flawed Statistics Overlap


We are most easily manipulated when we use skewed information to reach our own obviously right conclusions. The easiest way to do that is to present verifiable information that leads to a weak conclusion. End point bias is the most effective tool to manipulate people…

Whither Gold


For a long time I have heard how the mint prints currency 24 hours a day, how government finances are in ruins, how inflation is inevitable, and how precious metals are the best form of protection from the coming chaos.  I recently noted that…

Brexit and Money Making Opportunities


Complexity makes for hard decisions.

The Oldest Profession


There is an old joke that involves an engineer, a doctor and a politician arguing over which is the oldest profession. The doctor says that God created Eve from Adam’s rib and certainly that is the work of a medical professional. The engineer argues…

Price of Gold A Reprint From February 2013


With the present turmoil in the gold market, I thought a revisit of the problem might be in order.  Nothing much has changed. J.P. Morgan is reputed to have said, “A thing is worth what it will fetch.”  That seems objective.  Nonetheless, there are…

Gold Again


Gold has been pounded for the past few weeks and there are many that wonder why.  I am among them, although I think its fall should be expected.  The current malaise seems to be unattached to any fundamental part of the “gold as value”…

Addressing Meaning


It does not matter what you know until you know what it means. I was told recently that I should own a lot of gold because the United States owes $17 trillion dollars, China is a huge creditor and they can bust the Americans…

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