The price number doesn’t mean as much as you think.
It’s harder to solve problems when we don’t understand the basics of the problem.
Hyperinflation is the result of mismanagement. Printing money is a symptom, not a cause.
People who can create inflation do. Those who cannot inflate lose.
There is too much money chasing too few goods and services. What next?
You get far more house today. That together with inflation and regulatory costs makes houses expensive.
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”
People are looking forward to the return of normalcy. The stock market will make a little sense, bonds will return a reasonable rate, real estate will be predictable, jobs will be available for those with skills and work-ethic, government will restrain itself and there… Continue Reading “Hoping Is Not A Viable Investment Tactic”
I am not a gold-bug and have said so before. In February 2013, I published, How Much Should Gold Sell For and estimated that even with significant inflation, gold should sell for $750 per ounce. Gold was then $1,650 or so and headed to… Continue Reading “Is “Golden” Still a Positive Adjective?”
J.P. Morgan is reputed to have said, “A thing is worth what it will fetch.” That seems objective. Nonetheless, there are two fundamental premises that underlie the statement. Those premises may alter the statement’s “meaning” for you. “What it will fetch” is a synonym… Continue Reading “How Much Should Gold Sell For?”