Some thoughts on Russia providing gold backing for the ruble.
Is gold at the peak or at the bottom?
Making money might be easier than using it well
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… Continue Reading “When Gold And Flawed Statistics Overlap”
Complexity makes for hard decisions.
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… Continue Reading “The Oldest Profession”
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… Continue Reading “Price of Gold A Reprint From February 2013”
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… Continue Reading “Addressing Meaning”