Saturday, June 23rd, 2018 MST

Want your head handed to you on a platter?

Unless you know exactly what you’re doing, responding to TV ads is a guaranteed way of taking losses on gold/silver investments.  Here’s an example of a $127,000 loss on a $296,363 investment made when the price of gold was lower than it is now.

Switzerland buys gold bars for its government pension fund

Last week, Switzerland’s government pension fund took delivery of its first physical gold under a new program of buying gold bars, which have to be stored in Switzerland.  Previously, the fund used “swaps,” which were only window dressing and the gold involved in the swaps could be stored outside the country. More countries are starting

All is well

If you watch the financial news networks, especially Fox, you are told that “All is well,” that the economy will grow this year somewhere near 3% and that stocks are still good buys.  However, there are indicators of strains on the economy that are not often mentioned on Fox.

Gold out performs stocks

So far this year, gold has outperformed stocks, up 2.5%, about what the Dow Industrials are down, for a 5% difference.  Still, gold’s performance this year has been disappointing to many investors considering the huge downside moves that stocks put in this year.  For 2017, the S&P 500 gained 19.4%, the Nasdaq 28.2%, and the

Ron Paul and gold

Millennials, It was astonishing that when Ron Paul dropped out of the 2012 presidential race many of his followers jumped to supporting Bernie Sanders, an avowed socialist.  Ron Paul, of course, is a libertarian who rails against socialism in all forms.

The dollar will be destroyed

In my post No reflation?, I discussed the perma-bulls’ continued recommendation of “buying the dips.”  In support of their position, TV talking heads speak of an “improved economy and higher corporate earnings” as reasons to continue buying stocks. However, if I’m reading David Stockman’s reports correctly, what the perma-bulls are really counting on is “reflation”