Buffett’s view on gold

I posted this last April, as I heard lot’s of people taking about a bubble in gold, and how gold “doesn’t provide a dividend” and how gold “doesn’t make a profit”.   After reading Warren Buffett’s annual letter to Berkshire Hathaway shareholders today, I felt compelled to update the numbers, as Buffett dissed gold pretty bad. […]

Why Gold Keeps Rising

Saw this story in the Daily Reckoning and wanted to pass it on, as it says something important, something I haven’t been able to put into words. We don’t expect the gold price to soar because gold is such a great thing; we expect it to soar because the world’s major currencies are notsuch great […]

Got Gold?

Just forty years ago in 1971, one ounce of gold would buy 35 US dollars.   Twenty years ago in 1991, one ounce of gold could be exchanged for 350 US dollars.   Today, that same ounce of gold will buy you more than 1500 US dollars.  $1508 to be exact. From $35 to $1500 in forty […]

Ron Paul on Gold

Sometimes when I get an idea about something to post, I find that someone has said it infinitely better than I could. This is one of those times.  Read this from Ron Paul – which I copied from a DailyReckoning.com email unashamedly because they took it from Paul’s website.  There’s a link to it at […]

Hoorah for Capitalism

Great article in today’s Daily Reckoning by Bill Bonner entitled “Hoorah for Capitalism!” Bill has a unique rambling style, and he ties it all together at the end.  Here are some choice bits from the article. ‘Capitalism has failed,’ they say. ‘We need government to fix the problems…’ The rich hate capitalism because it threatens […]

Is the savings rate killing the economy?

I saw this article today on CNN and had to save the link so I could comment on it tonight when I had time.  The headline reads Why saving is killing the economy. To put it bluntly, this is one of the most inane, ignorant, and generally stupid stories I’ve read in quite some time.  […]

We should’ve elected Ron Paul

Ron Paul knows economics.  He knows how the free market system is supposed to work.  I say “supposed to” because we haven’t had a free market system in the US for almost 100 years. And yet people say the dumbest things, like “this proves the free market system doesn’t work without regulation” and “we need […]

What a difference a year makes

Last January I was beginning to get tired of reading stuff like “kitchen sink quarter” and “this is a great time to buy real estate” and “this is the time to buy stocks”.  One evening I happened to read a post by Doug Kass entitled “Buy the Financials. Yes, Buy” in which he made a […]

Bank of America going down?

Just ran across this while taking a quick scan of the news headlines before going to bed.  The headline on CNN says “BofA may need billions for Merrill“. In reading the story, I saw this nugget: Bank of America, which had been viewed as one of the strongest banks in the country, may be buckling […]

Sound Familiar?

Stop me if you’ve heard this one before….  The dollar and financial stocks fall, while gold and oil rise.  Damn, you already heard that one somewhere else?  It’s a familiar refrain that seems to keep repeating, just like an obnoxious Barry Manilow song or that annoying dog commercial that goes “there might be bugs on some […]