While Berkshire Hathaway has made some gains in dollar terms it has been in a significant downward trend in the number of gold ounces/share. When the most famous investor in the world can’t show any increase in real money for over a decade it is time to reconsider your portfolio allocation. Continue reading
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While Warren Buffett and Charlie Munger take advantage of every opportunity to criticize gold, they obviously haven’t looked at the comparative performance of gold vs. Berkshire Hathaway. Notwithstanding that Berkshire Hathaway had an impressive track record during the past equity bull market, this is no longer the case, as the chart above shows Continue reading
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“Everyone wants to be optimistic about the economy, but when that optimism is based on bad data, it could
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“The economy was booming in 2000 and 67.1% of the working age population were in the labor force. Today the economy is… Continue reading
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The above chart shows the dramatic reversal from Central Banks being net sellers to net buyers in 2011. Prior to 2002 Central Bank sales had been a major contributing factor in the declining gold price. Continue reading
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While the current federal debt is approaching 100% of GDP the real problem is the unfunded liabilities for Social Security, Medicare and Medicaid. When these obligations are added in, the real debt is in excess of 500% of GDP. That’s around $500,000 per man, woman and child, or $2 million per family of four. Continue reading
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“The unfunded liabilities of Medicare, Medicaid and Social Security exceed $100 trillion and cannot possibly be honored, leaving future generations to fend for themselves.” Continue reading
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While the two markets have loosely tracked one another—which makes sense given that both are risky asset classes whose fortunes are closely tied to the health of corporate bottom lines and the economy as a whole—the stock market has generally outpaced the high yield (e.g., “junk”) bond market since the S&P 500 Index bottomed in March 2009. Continue reading
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Real disposable personal income has fallen by 5% since the peak in 2008 as Bernanke’s Wall Street bailout zero interest rate policy has caused prices for everything except our houses to surge. Continue reading
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While $10,000/ounce gold may seem high from today’s vantage point, the above chart projects a price of $31,672 by January 16th 2015. Continue reading
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The following chart showsAmerica’s Per Capita Government Debt Worse Than Greece, as well as Ireland, Italy, France, Portugal, and Spain Continue reading
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The government and the Fed fought the bursting technology bubble and the recession with the same tools used in
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After a correction in the fall of 2011, precious metals are recovering in 2012 with silver rising 28.1%, platinum 18.8% and gold up 12.3% this year to date. Continue reading
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e average American worker has not had any real income gains in at least four decades. The insidious nature of Federal Reserve created inflation (up 600% since 1970) is incomprehensible to a public that finds math boring and not essential in their lives.” Continue reading
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Though the rescuers may be issuing calls for perseverance, resistance is growing in Europe. In Athens, political parties and citizens are fighting too keep austerity measures from transforming their economic downturn into a full-on crash. Continue reading
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This week’s chart shows long-term inflation statistics. Around 1980, the methodology was changed to measure the cost of living versus the measure of the cost of a fixed standard of living. Continue reading
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