Southern Europe faces a "10-15 year managed depression," is the quote making headlines from a Ray Dalio interview on CNBC this morning. The best moment, however, came when Dalio - bullish on gold - is told by Andrew Sorkin that Warren Buffett won't touch the metal. "Tell somebody who cares," seems to be the look Dalio gives Sorkin in response. [View news story]
Actually Gold is quite volatile when priced against other goods and services. Was gold extremely undervalued 10 years ago or is it extremely overvalued now?
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
Platinum has never been used as a medium of exchange or as a monetary reserve. It's just an industrial metal. And the platinum in catalytic converters can be recycled.
Super Speculate Me--Not: No Shine In Gold's Future [View article]
For many investors a 5%-10% commitment to physical gold is not an investment but rather insurance against a collapse of the paper based monetary system. Ditto central banks around the world that are hoarding gold. While short term deflation is possible, Helicopter Ben is committed to doing whatever it takes to keep the dollar inflating. The dollar may become worthless in the long run, so a little gold will be helpful in the aftermath.
Why I'm Buying Pandora While Others Are Afraid (And Clueless) [View article]
If I ever hear an advertising message on Pandora, I will stop listening to it. Do I not hear ads because I pay the $40 per year subscription? That seems like a screaming good deal.
Sirius XM's Future Growth Potential Is Being Grossly Underestimated [View article]
Let's see. Crappy content. Crappy sound quality. Obnoxious customer service. Competition from IP based radio looming. No, I don't think I will be buying SIRI any time soon.
Why Kass Is Wrong About Berkshire Hathaway [View article]
Kass claims AXP has only doubled once since Berkshire bought it in 1964. This author gives 600%. Did Kass neglect to adjust for splits. If so, he must be seriously retarded.
The Safest Way To Play Rising Interest Rates [View article]
Southern Europe faces a "10-15 year managed depression," is the quote making headlines from a Ray Dalio interview on CNBC this morning. The best moment, however, came when Dalio - bullish on gold - is told by Andrew Sorkin that Warren Buffett won't touch the metal. "Tell somebody who cares," seems to be the look Dalio gives Sorkin in response. [View news story]
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
Super Speculate Me--Not: No Shine In Gold's Future [View article]
Why I'm Buying Pandora While Others Are Afraid (And Clueless) [View article]
Sirius XM's Future Growth Potential Is Being Grossly Underestimated [View article]
Why Kass Is Wrong About Berkshire Hathaway [View article]