Tag: gold

I Am Trying To Care About Gold, But


If I ignore the hype and gold’s sacred status in ancient times, I find that it is a relatively minor commodity.  If it were a stock, as a company it would have a high total market value, no earnings and it would be thinly… Continue Reading “I Am Trying To Care About Gold, But”

Hyperinflation and Gold


If there is hyperinflation in the US dollar, it will be good to own gold.  If there is none, then what? One of my gold bug friends is seeing opportunity again.  While, I think there is little opportunity, I still thought it might be… Continue Reading “Hyperinflation and Gold”

Price Adjusted, Gold Used To Be $20,000 An Ounce


Expressed in 1998 US Dollars the price of silver peaked at $806 in 1477 . Gold was around $14,000.  $20,000 today. Both have been lower since.  I was clearing out some old material and found a chart from Forbes, 1 June 1998 issue, that… Continue Reading “Price Adjusted, Gold Used To Be $20,000 An Ounce”

Faith Matters


What do $20 bills, BitCoins and Christianity have in common?  They are each without value unless you believe they are valuable.  Faith matters. Money, like religion, is about faith.  If you believe the $20 bill in your wallet will buy lunch and everyone else… Continue Reading “Faith Matters”

A Bubble For Fun


I have noticed that my grandchildren love bubbles.  The bigger the better.  I have also noticed that bubbles are not very durable and the bigger they are the less durable they are. Same durability thing with financial bubbles. Forty-five years ago my karate sensei… Continue Reading “A Bubble For Fun”

The Swiss Franc and US Dollar and Gold


I have always liked the Swiss Franc.  Even in high school I knew about the Swiss and their inherently future oriented and conservative society.  For many people now the Swiss economic standards are the ideal. It is interesting to go back 60 years or… Continue Reading “The Swiss Franc and US Dollar and Gold”

Gold Again


I follow Nouriel Roubini on Twitter @nouriel because he has interesting views on many market subjects. Yesterday he retweeted a story that ran in Bloomberg News – Losing Faith in Gold From Ghana to Vancouver Proves Rout. If you are thinking about gold as… Continue Reading “Gold Again”

The Intermediate Term Is The Killer


The Winklevoss twins came up in conversation recently. As you may recall, Cameron and Tyler Winklevoss were the Olympian rowers from Harvard who claimed they had the seminal idea for Facebook. They may have been right too. They sued and the trial produced an… Continue Reading “The Intermediate Term Is The Killer”

Does Your Financial Plan Require Drama


Are you emotionally attached to your financial plans? Probably. Should you be? Harder to know that. For now, let’s say “Yes” but only to a small degree. You should be emotionally attached enough to pay attention, listen to advice and act on the decisions… Continue Reading “Does Your Financial Plan Require Drama”

The Need For One-Armed Economists


“You have to choose (as a voter) between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect for these gentlemen, I advise you, as long as the… Continue Reading “The Need For One-Armed Economists”

%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this: