Several experts, who are not in the gold business, recently suggested gold will be a good investment in 2019. Zerohedge reports on David Einhorn’s annual letter to Greenlight Capital shareholders with my emphasis: “Gold – Long – U.S. debt to GDP is over 100%. The…U.S. debt has increased by over $2 trillion…. When the economy eventually slows, the deficit is […]
» Read moreThe politically motivated press is having a heyday with the Trump Tariffs and ensuing trade war. Trump calls it negotiations while much of the media predicts Armageddon. How does an individual investor sort through all the media hype, separate facts from hyperbole, and protect their life savings? Good friend Jeff Clark’s recent article, “The Russians Are Coming! The Gold/Treasury Inversion […]
» Read moreI recently interviewed Jeff Clark about using gold as an inflation hedge. Jeff asked why I never write about gold stocks. I own several – time to fess up! Why don’t I write about gold stocks? I don’t recommend stocks, I know my limitations. You can make a lot of money with gold stocks, but you better know what you […]
» Read moreThe US Debt Clock tells us our national debt is around $21 trillion. Social Security promises are approaching $17 trillion – included in the “unfunded” government promises – over $112 trillion. Despite government mandated Cost of Living Increases, our recent article, “An Inconvenient Truth About Social Security” clearly indicates social security recipients have no inflation protection.Each month, seniors and savers […]
» Read moreCentral Banks are rigging the metals markets. Does it signal a buying opportunity? Will they ever be prosecuted for this illegal activity? I recently interviewed good friend Ed Steer who writes Ed Steer’s Gold and Silver Digest, a daily must-read. We discussed an article written by Peter Warburton in 2001 outlining the relationship between central banks and investment banks rigging […]
» Read moreI was in a panic. I was living off the interest from our Certificates of Deposit (CDs). The government passed the Troubled Asset Relief Program (TARP), and interest rates tanked. My world went topsy-turvy as the banks redeemed my CDs. The new, lower rates won’t pay the bills. Not even close! Isn’t high inflation caused by increasing the currency supply […]
» Read moreI don’t get it! I turned on my computer after a nice holiday weekend and was greeted with several headlines proclaiming: “Swiss bond yields now negative out to 50 years”. “The 50-year Swiss yield has hit a low of minus 0.0119 per cent, and yields are dropping across the board this morning, writes Joel Lewin.” The Swiss Exchange provides the […]
» Read moreThe average American is likely more interested in the latest episode of Game of Thrones or how their favorite baseball team is doing. Why such a big deal about the Brits (Brexit) leaving the European Union (EU)? It’s important to understand why they voted to leave. This Europa website begins with a tribute to their “Founding Fathers”: “The…visionary leaders inspired […]
» Read moreAll five of us were huddled in the bathroom. Rain was pouring down in sheets, the noise was deafening. It sounded like a freight train. We sat on the floor and held our three small children close to us. Our small pre-fab home offered us little protection. We were terrified! An hour later we went outside and found the neighbor’s […]
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