What is Going on With Gold?

Exactly what has always gone on with gold. It is a commodity. It is extremely volatile. It has always been like this!

As of right now, gold is down 3.46% today, but it is also way down from its all time high. It is too bad a lot of investors are surprised by the sharp drop in gold. Historically it is much riskier than the stock market. I imagine unsuspecting families have lost a lot of ...

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Unpredictability leads to Unpredictability

Carbon pollution, national security, politics, an earthquake, a tsunami, and a radioactive metal all combine to remind us how unpredictable investments can be.

I am always amazed at how predictable most people think the financial markets should be, especially when these very same people freely admit the unpredictability of other events.

In particular, I think the Uranium trade that went bad on March 11, 2011 is a great example.

First, there were a lot of very reasonable, learned, ...

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All that Glitters … Doesn’t

I’ll be blunt.  Many people think gold is a great investment, but it is not the best way to hedge yourself against inflation. You might make money in gold, even a lot.  You might lose money in gold. Either way, it isn’t a smart move if your objective is to protect your money against inflation.

The gold theory

Many financial “experts” are constantly trying to tie gold’s performance to inflation. The argument generally goes that fiat money ...

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