mahoney

As an Investment, Gold's Just a Brick

That said, I share the prevailing scepticism about TIPS. Might make more sense to go for something like WIP and at least diversify across different governments' inflation data.

As an Investment, Gold's Just a Brick

I am glad somebody is making the bear case for gold. For all the gold fetish I see on SA, I still can't help but see gold as just another asset, whose relative valuation fluctuates just like the rest of 'em. Whether you measure the values of things against gold as your standard or whether you use some other standard like, say, the dollar, is irrelevant. All I care about is the relative valuation. And any prudent investor has to be aware of the downside. So again, thanks for the bear case.

Quantitative Easing: Money Supply Is Actually Decreasing

Thanks for this article. Everyone seems to merely assume there has been a net increase in the money supply without any reference to the massive destruction of money (credit) that has been taking place. It's hard to know which way the tide is going, but nice to see someone is pointing to both sides of the equation.