This week had every single asset category showing a loss. The smallest drop was in the Canadian Dollar, while the largest drops were in coffee, down 9.0%, and gold stocks, off 3.9%. Meanwhile, the mainstream media has been full of articles trumpeting new all-time highs for the Dow Jones Industrials and the S&P 500 stocks. […]
Filed under Bonds, Coffee, Commodities, Dow Jones Industrials, new highs, S&P 500, Silver, Stocks by
Over the last week, and over the last month, assets have followed the same basic pattern: stocks mostly higher and currencies, bonds, and commodities mostly lower. Bitcoin has been the biggest winner by far, rising 29% in the last week and 179% over the last month. In addition to the fast rising price, global trading […]
Here is a news item I found interesting, followed by my restatement of the story, priced in gold. You can also view a chart of net worth. Americans’ net worth rises for third straight quarter Friday, March 12, 2010 Stock gains boost Americans’ net worth Americans regained more of their shrunken wealth last quarter, mainly […]
Filed under Economy, monetary universe, new highs by
Although nobody wants to use the “N” word, more and more economists, including Nobel Prize winners, are saying that this is really our only choice. Of course it will only be “temporary”. Maybe it will be “partial”. But any way you slice it, it will be ugly. Thanks to a tip from Seeker Blog editor […]
Filed under Banking, Economy, new highs, nz dollars by
Yesterday the NY Times ran an article headlined, “Average U.S. Income Showed First Rise Over 2000”. The big claim is that after peaking in 2000, incomes fell, bottoming in 2003, and have now climbed back to make new highs in 2006. The author examines IRS data showing average Adjusted Gross Income and Wages and Salaries […]
Filed under Incomes, monetary universe, new highs, wages and salaries by
The first part of this interview covered Paul van Eeden’s background and laid out his views on gold, inflation and interest rates. In this final segment, we’ll discuss what to do about this situation – how to translate this view of the world into investment action. Paul has been working hard on a more accurate […]
Filed under Bonds, Interest Rates, monetary universe, new highs, wages and salaries by
I recently came across a presentation made on May 20th to the US Senate Committee on Homeland Security and Governmental Affairs by Dr. Benn Steil, a Senior Fellow and Director of International Economics at the Council on Foreign Relations in New York, entitled “Financial Speculation in Commodity Markets” (pdf). Dr. Steil also gave a speech […]
Filed under monetary universe, money gold, new highs, nz dollars, wages and salaries by
You might have noticed that my previous post on Silver and Stocks didn’t once mention the US Dollar. Why? Because it’s irrelevant. It may go up, it may go down. Most likely down, but so what? I try not to hold any more of it than necessary, unless I have reason to believe it’s in […]
Filed under monetary universe, new highs, nz dollars by
Another story that caught my fancy, restated in terms of gold for your entertainment. Enjoy! From a March 11, 2008 story in the Financial Times: As stated in dollars: Wall St enjoys best one-day rise since 2002 By Chris Bryant in New York Published: March 11 2008 13:01 | Last updated: March 11 2008 20:41 […]
Filed under adjusted gross income, home currency, monetary universe, new highs by
Here are excerpts from three news stories from 7-Mar-2008 Marketwatch.com, as they were written, and as I would read them. In each case, I have simply taken the USD figures given in the story and converted them to gold grams, then reworded the story to fit the new numbers. In some cases, I’ve added YTD […]
Filed under adjusted gross income, Food, home currency, monetary universe, new highs by