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 […]

Free Money – from helicopters, not trees

Helicopter Ben Bernanke is keeping his word that he’d “drop money from helicopters if necessary”.  And that’s not a good thing. The Fed today dropped the Fed funds rate to a target “between 0% and .25%” – in effect, they’re giving away free money.  A bank can take a 30 day loan and pay ZERO […]