A fellow called me the other day, and expressed surprise about the use of gold as a storage vehicle for wealth. He told me he bought a new Volkswagen in 1966 for $1995, which then was exactly 57 ounce of gold. He recently bought another new VW, and it was still priced at 57 ounces […]

We all have seen a snowball begin at the top of a hill, and begin its downward trek, picking up speed and snow as it proceeds. The larger it gets, and the faster it rolls, the more destructive it becomes. Anything in its path, or at the bottom of the hill, total destruction is the […]

This’ll be a pity party probably, because of the intense grief out there in gold futures land. I haven’t seen gold take a dump of $6 within a couple of hours in many years. Horrible for those of you out there who have invested savings in the gold futures market. The long term prospects for […]

The old game of tossing a hot potato from one to another, because if you held it too long, you’d get burned, applies now. Think about it, and once again compare it to 1924 in Germany, writ much slower. In Germany, the currency was declining in value so fast, that workers were paid two or […]

To Quote Clinton, It depends on what the meaning of…..is.” It really does! If you mean dollar prices going down on certain things means “deflation,” then yes, we have “deflation.” If “inflation” means an increase in the currency supply, which is the correct definition, then we certainly do have “inflation.” Prices in dollars are going […]