I never get tired of illustrating the fall of the dollar. Many years ago, in Ouray (pronounced you-ray) Colorado, the beautiful Beaumont Hotel, sat empty, and not in good condition. It had been owned for many years by Whelan Phillips, and since I had bought three other historic hotels 32 miles away in Silverton, Colorado, […]
According to a major piece in the Journal for Monday, September 8th, there are “Three alternatives to U.S. Treasuries that give you safety and yield.” Below are the three with my comments and observations for each. Municipal bonds: “Triple-A-rated Munis with 10-year maturities are yielding about 3.2%.” The 3.2% yield, is assuming that the cities […]
Many liberals or Democrats, think that ‘profit’ is evil, un-necessary, and keeps poor people poorer, and makes rich people even richer. There are myriads of reasons many think the word ‘profit’ is foreign, needless, and should be abolished. The current candidate for mayor of New York, Zohran Mamdani, is classic. He thinks the busses and […]
On February 24, 2022, Russia invaded Ukraine, which was an extension of Putin’s previous 2014 fake election, when he took Crimea, with no one objecting. Donald Trump is thirsting for the Nobel Peace Prize, and so far, his actions may give him that prize, but at a cost to innocent Ukraine. Trump seems oblivious to […]
I take all types of risks every day, as do you, the reader. Life is full of risks and there is even a field of an endeavor called “Risk Management.” I risk my safety when I go out in my car that some reckless or drunk driver won’t crash into me. I take a risk […]
Maybe what’s ever so fascinating about our business, is all the different ways our universal insurance can be held. I’ve always said that silver takes up so much space compared to gold, that maybe it should not be considered. Then, I thought about all the silver I own, and the various sizes in which silver […]
In 1893, the U.S. Treasury decided not to renew the “Sherman Silver Purchase Act,” which was a promise to buy 4.5 million ounces of silver each month from U.S. mines. Since most of it came from Colorado mines, which gold ore also has silver in it, it became an unmitigated disaster. Hundreds of mines closed, […]
Ever wonder why gold is so much more expensive than silver? Gold is virtually indestructible, since a thousand year old gold coin, can be plucked out of the ocean, and it will look exactly like it did a thousand years previously. Gold will not tarnish, and all the gold ever mined, is probably still in […]
“Insurance: An insurance or being insured against loss.” Webster’s New World College Dictionary.” Insurance is held by just about everyone. Auto insurance, fire insurance, mortgage insurance, health insurance, and insurance against just about anything which could come upon you. Liability insurance of just about any kind is sold by licensed Insurance brokers, which are backed […]
Makes no Difference who you are, Anything your heart desires Will come to you.” First verse from Walt Disney’s Pinocchio, released in 1940. A perfect description of bit coin. Wishing upon a star, is a great way to create a real puppet into a real being, even though Pinocchio was still a wooden puppet. Pinocchio […]