The roundtrip is now complete and the entire voyage took less than a year. When Berkshire Hathaway acquired nearly 21 million shares of Barrick Gold in Q2 of 2020, people took notice.
A fundamental tenet regarding money and inflation is that ongoing money creation by governments and central banks (Federal Reserve) cheapens the value of all money (US dollars) in circulation and leads to a loss of purchasing power. The...
As of November 30th, the annual inflation rate for the year 2020 is 1.17% (CPI). And it is not likely to get a whole lot worse anytime soon.
After a recent spike to the upside over the past seven days, both gold and silver have turned negative again and could be headed back to their recent low points reached early in the day on Monday, November 30th.
Sometime after the end of the second quarter, news of Berkshire Hathaway's acquisition of Barrick Gold made headlines. Not known for a favorable opinion on gold, Warren Buffett surprised some people with his move. Also, the addition of...
Apparently investors don't tire of hearing the same old thing; and their advisors willingly provide the same questionable advice: "The best way to play this new bull market in gold is to buy gold stocks" or something to that effect. Are...
In late July, during an interview with CNBC, the chief investment officer of private wealth management at Goldman Sachs made the following statement: “Our view is that gold is only appropriate if you have a very strong view that the U.S....
Those in favor of Judy Shelton’s approval by Congress, pursuant to her nomination to the Federal Reserve Board Of Governors, should not be surprised by the torrent of criticism directed at her.
Predictions for gold's price are based on seemingly sound fundamentals and logic; but the fundamentals are incorrect and presented in unrealistic context. Here are some things to keep in mind when you see any predictions for the price of...
A current headline says “fears of currency debasement drive gold price higher”. Seems reasonable; and it is. Historically, governments have been “debasing” their currencies for centuries. The debasement leads to a loss of purchasing power...