This will contain several thoughts, none of which is long enough for a complete column, but all pertinent. NICKELS When one is at an advanced age, as I am, one can’t help but remembering one’s childhood, teens, and even early adulthood. I do not remember what made me think of it, but what a nickel […]
Millions of Americans as well as citizens of all nations, are or will depend on, their pension plans to carry them through retirement. Most of these pension recipients have contributed to the plans during their working years, and rightfully expect them to return their monies plus interest and dividends as their lives enter declining years. […]
Bernard Saint Gaudens came to Ireland from his home in Aspet France, and found a job in shoe factory. While there, he met Mary, whom he married, and produced three male offspring. The first two, Louis and George died before the third boy Augustus was born on March 1st, 1848, at 35 Charlemont St, in […]
The housing bubble will deflate, not burst. As I mentioned last week, the dot com bubble burst, because suddenly a ton of investors decided to get out, and there were no buyers and a lot of sellers. The drop was sudden, as it was in 1929 and 1987. Housing is far different. People LIVE IN […]
The “Housing Bubble,” is everywhere mentioned and speculated about, and in a few spots, it has begun, but slowly. A bubble it is, and as a classic example, a friend of mine owns a 1800 square foot home in the LA area, which he paid a bit over $340,000 for, eight years ago admittedly a high […]
OK, this should finish it! It all ended rather quickly, as a matter of fact. As I said in the previous piece, the warehouses of both the CBOT and COMEX only had 120 million ounces of physical silver in them, and the Hunts & partners were buying silver contracts like they were going out of […]
The Hunts tried, but failed to keep their intentions a secret. “Who the hell are these Hunts?” was probably the question around the trading floor in 1974, when word got out that someone named Hunt had just taken delivery of more silver than anyone in history. In 1974, the year’s production of silver was only […]
The saga of the Hunt Brothers, or at least two of the 15 kids by several marriages and liaisons of the old man, H.L Hunt, of necessity must begin with the father. H.L. Hunt was born in Illinois, and left home at age 16. He did a lot of things, such as mule-skinner, logger, and […]
Today, we have a diminishing dollar, due to endless printing of it, thanks to endless welfare handouts, wars, silly legislation, and debts, debts, debts. Government prints to pay its bills, while the rest of the citizenry, or at least it seems like most of it, are in debt up to their ear lobes, and many […]
When an insurance company fails, it is a total dead end. There is absolutely NOTHING you can do to collect. It is a lost cause. Most policy holders never even think about this. They assume that since they have this fancy policy which promises them funds if they die, have a fire or other catastrophe, […]