Gold Marks Two Important Milestones [View article]
The advantage of owning gold has also increased recently due to the fact that most "safe" financial assets now yield zero interest.
So what is better to own? "Safe" treasury bills that yield zero interest while dollars fly off the printing press by the trillions or gold? An easy choice in my book.
Also, gold is a relatively small asset class compared to the value of holdings in stocks, real estate, money funds, etc. Even a small reallocation of funds from paper assets to gold would have a huge impact. At some point i would not be surprised to see the value of gold quickly double in a short period of time.
Another excellent article by SW Richmond. It would take a politician of outstanding courage and foresight to honesty address the issues covered in this article with the American public.
Hopefully, one day we will have someone acknowledge the fact that we have spent our future and that all we have to show for it is a mountain of debt that we will bestow upon our children and future generations.
Americans have a history of overcoming adversity if we truthfully confront the issues. Maybe someday, someone will honestly tell us that there are no simple solutions and that the government cannot painlessly cover all losses.
Maybe someone will explain to us that yes, there will be hard times, yes, we will need to be frugal and work hard together and yes, eventually we will solve our financial crisis and put our financial house back in order.
Maybe someday, we will learn that a sense of material entitlement, allowed by easy credit does not create prosperity.
So far, I have only heard about bailouts and "stimulation".
Does Gold Beat the DJIA? It Depends [View article]
Gold Marks Two Important Milestones [View article]
So what is better to own? "Safe" treasury bills that yield zero interest while dollars fly off the printing press by the trillions or gold? An easy choice in my book.
Also, gold is a relatively small asset class compared to the value of holdings in stocks, real estate, money funds, etc. Even a small reallocation of funds from paper assets to gold would have a huge impact. At some point i would not be surprised to see the value of gold quickly double in a short period of time.
Hang on to Your Gold [View article]
It would take a politician of outstanding courage and foresight to honesty address the issues covered in this article with the American public.
Hopefully, one day we will have someone acknowledge the fact that we have spent our future and that all we have to show for it is a mountain of debt that we will bestow upon our children and future generations.
Americans have a history of overcoming adversity if we truthfully confront the issues. Maybe someday, someone will honestly tell us that there are no simple solutions and that the government cannot painlessly cover all losses.
Maybe someone will explain to us that yes, there will be hard times, yes, we will need to be frugal and work hard together and yes, eventually we will solve our financial crisis and put our financial house back in order.
Maybe someday, we will learn that a sense of material entitlement, allowed by easy credit does not create prosperity.
So far, I have only heard about bailouts and "stimulation".