Year: 2010

Life has a funny way of reminding a person that he is not really in control of what is going on around him.

Gold has gained 26% this year, putting it on track for its third double-digit gain of the last four years.

Gold and Precious Metals

Those in the U.S. power structure know what the plan is should the U.S. dollar fail.

I’ve been consistently warning that U.S.government bonds will eventually implode. Using history as a guide, I know that when the sell-off in bonds begins, it will be very swift. The magnitude of panics are inversely correlated to the degree in which investors are deluded. Some of the most ignorant comments I’ve ever heard have been on … Continue reading

The gold rush mania that drives the price of gold to unbelievable price levels may well come from a global stampede into the world’s oldest currency that leaves the American hoi polloi left holding worthless U.S. monopoly paper and little else. The best part about the action the in metals is that CNBC/Wall St. Journal/et al … Continue reading

This essay is based on the Premium Update posted on December 11th, 2010

Analysts and pundits provide various reasons for the bull market in Gold. This includes emerging market demand, low interest rates, money printing, central bank accumulation, central bank policies and falling gold production. These are all good reason but there is one reason which stands apart and will drive precious metals to amazing heights. It is … Continue reading

Gold or stocks?….

Why do smart people do dumb things? Or, more germane to our Daily Reckoning beat, why do smart investors make stupid decisions?….