by Henry Oliner | Mar 21, 2013 | Economics
Steve Forbes writes Gold and the Wicked Magicians in the November 19, 2012 issues of Forbes. Excerpts: Despite thousands of years of experience to the contrary, central bankers and countless policymakers and economists believe that money manipulation can stimulate and...
by Henry Oliner | Feb 6, 2013 | Business, Economics
Rich Karlgaard puts the Dow rally into perspective in the Wall Street Journal, 2/5/13. Excerpt from The Stock Rally That Isn’t; (may require a paid subscription to read online) In December 1974, the S&P 500 hit a low of 67, having fallen 45% over the...
by Henry Oliner | Feb 3, 2013 | Business, Economics, Politics
The Dow has broken through 14,000 for the first time since 2007. Yet unemployment is still high and has recently gone higher. The work force participation rate is the lowest it has been since the 1980’s and our prime working age population has dropped out of the...
by Henry Oliner | Apr 5, 2012 | Business
Today the world’s gold supply is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce- gold’s price as I write this – its...
by Henry Oliner | May 31, 2011 | Investing, Politics
I hear a lot of ads advising investors to put gold in their IRAs or 401ks. Seems like a terrible idea. The big benefit if retirement accounts is to defer income. Gold generates no income, and actually incurs storage and transaction fees. Gold can also be very...
