I hear this on a continual basis: “Suppose I buy gold, and the government tells everyone to turn theirs in?” Or, “What if the government comes around and seizes my gold like they did in the 1930’s?” Or, “Suppose they pass a law making owning gold illegal?” Or, “If gold is made illegal, how can […]
The middle class in the American Civilization is all important in our society. The middle class are the ones who travel, eat out, buy new cars, homes in developments, and generally are the absolute backbone of America. Without the middle class, we will fail. If the middle class is injured, a national depression will occur, […]
For crying out loud people, this is a disaster, not waiting to happen, but actually happening! Just forward this to everyone you know, and see if it can knock some sense into their heads. Stott’s rule #1 “THE MORE OF ANYTHING THERE IS, THE LESS THEY WILL BE WORTH.” Let’s suppose that a man comes […]
Ever play the futures market? I don’t advise it, as it is a lot more fun to gamble at Las Vegas. I’ve lost more than I made, and have given it up. I don’t advise it. But there are millions who regularly do futures, and some make money. Most don’t. The percentages are phenomenal. It […]
What will happen? As the dust clears from the World Trade Center Towers, Pentagon, and others, what will happen? I can only guess, but being a man with logic tattooed on his brain, my sense of logic tells me the following will happen, economically at least, and if you will permit, the reason why. There […]
This piece entirely deals with what to do with dollars. Of course it can also apply to Francs, Pesos, Yen, Pounds, or what have you, depending on what the economic situations are in the nation in which you reside. I say this, because I receive e-mail from all over the world, even though I do […]
Whenever one makes an investment, it is smart to look at the upside and downside possibilities. To explain, look at the NASDAQ at 5,000. A quick look at the stocks that drove it to 5,000, indicated their potential was pretty meager, if the P/E (price earnings) ratios were checked. Many had zero ratios, and many […]
Economics 101, Logic 101, Physics 101, and every other “101,” says that what goes up, must come down, and furthermore, a balloon cannot be forever inflated, without it bursting. The way I see it, there are two bubbles or balloons. One has already burst: the stock market, NASDAQ in particular. The other bubble is inflating […]
Everywhere I look, it’s the GDP! Graphs and charts about the GDP, and the GDP forever. As if the GDP means something important. I say it doesn’t. Who cares? Why don’t I give a non copper penny about the GDP? I’ll tell you in succinct phraseology, to borrow a term from deceased Paul Ford, who […]
So said David V., a client of mine who, if there ever was someone in the thick of the financial world, it is he. David, on a daily basis, trades the big stuff, for a large New York company. He’s sharp, experienced, and savvy. He’s buying gold and silver as he watches the economic situation […]