The noun ‘money,’ is perhaps one of if not the most important words in the English lexicon. We need money to buy things, make payments on loans, rent, credit cards, and even fines if we are caught disobeying the law, (of which there are far too many). We also use money as a store of […]
The dictionary definition of ‘money,’ has several definitions, but the first in my dictionary seems to describe it best: (a) “Standard pieces of gold, silver, copper, nickel, etc. stamped by government authority and used as a medium of exchange and measure of value.” (b) “Any paper note issued by a government or an authorized bank, […]
The following is a total word for word quote of Chapter 17, from “I Hold These Truths,” which I began writing in 1986, when I got my first computer. It was crude, but I discovered that I could write, which I had been doing for a long time anyway, but save it for future use […]
An ongoing question over the many years I have been doing this, often is, “Where do I store the stuff?” I tell then “store it where no one would think of looking.” Then they say that if they buried it, someone may come by with a metal detector and find it. OK then, ‘bury it […]
An ongoing comparison, which has been going on for many decades, is ‘what is the best way to run a car? Diesel or Gas?’ Many say that since all highway tractor-trailers use diesel, diesel must be best. Also, modern locomotives use diesel, so that’s another argument for diesel. Are these good arguments for automobiles? Yes […]
A few years ago, some entrepreneur had a bright idea. He must have thought to himself, ‘Boy, silver and gold are far too expensive, and people want something cheap. I’ll make a coin that is a bit cheaper than gold or silver. I think, since it is a bit cheaper, I’ll call it ‘Bitcoin.’ I […]
There are all sorts of ‘ratios’ in life, and even in economics. The late Richard Russell, (1924-2015), founder of “The Dow Theory Letter,” wrote many times, that a good stock to buy is when its PE ratio (price-earnings) is in the 10 range. In other words, a stock to be a good buy, should earn […]
Numismatics, are the study, selling, and buying of rare coins. It can be American coins, coins or bars salvaged from old ship wrecks on the floor of the sea, or any coins or bars which are rare. As an example, in 2016, the US mint at West Point New York, made, I think about 34,000 […]
That’s the best set of instructions for buying anything and selling anything, be it stocks, real estate, antiques, or what have you. How do you know when the price of anything is low or high? I haven’t the slightest idea, so if you thought this column was going to be a revelation, it isn’t. Rather, […]
In 1967, the South African Mint began making the gold Krugerrand to help move the output of its mines, and to facilitate private ownership of gold. When I began in this business in fall of 1977, the K-Rand was all we had to sell, other than US gold coins, which were really not too good […]