Daniel R. Amerman, CFA
Daniel R. Amerman, CFA Articles
One of the most common reasons to buy gold is to use it as a stable store of value. This analysis uses 50 years of history to test that common belief, and finds it woefully lacking - for it misses the best parts of investing in gold.
The public suddenly starts pawning their assets to pay for that lifestyle. Would most people take that as a sign that the celebrity's financial position is not nearly as strong as they want the world to think?
The United States is currently experiencing the highest rates of price inflation that it has seen in 13 years. Some market commentators believe that we face a future of fast rising rates of inflation. Others believe that the inflation will...
Surging inflation is currently hitting the United States - but it isn't the kind of inflation that many people believe it is. Inflation can arise from a number of different sources, and money creation is only one of the sources.
The Gold to Housing ratio is a quite useful measure for comparing the relative values of single family homes and gold, and it also has an interesting historical track record for identifying turning points in long-term gold price trends....
The $4.5 trillion increase in the U.S. national debt in 2020 was so large as to be almost incomprehensible for the average person. Yet, every dollar of the new debt was entirely real. It will likely be with us for the rest of our lifetimes...
Gold has recently been setting all time highs on a nominal basis and has broken the $2,000 an ounce barrier. It had been eight years since a new high had been set, and this is obviously an important event.
As shown in the graph below, the first half of 2020 produced an unusual change in the relationship between gold prices, stock prices and recessions, something that has only happened twice before in the last fifty years. Each of the two...
There is an increasingly good chance that the United States could end up following Europe and Japan, and that the Federal Reserve could use its vast powers of monetary creation to force a move to negative interest rates.
While stocks were performing very poorly in the early days of the pandemic shutdowns, gold was doing quite well. There was another crisis investment that was doing even better however, as can be seen in the graph below, which shows price...
