Category: Investing

Investing

Lessons of the Pseudo Rich

When I was in college I worked for a locksmith and installed alarm systems. I became pretty good at picking locks, opening safes, and running hidden wire though walls in the most disgusting places you can imagine. My favorite experience was hanging upside down in rafters stringing wire over biohazard labs holding chimps infected with hepatitis, influenza, and SIV (monkey HIV). I was terrified I’d crash through the ceiling into one of the labs only to be mauled by rabid foaming...

Gold Market Manipulation? Who Cares!

Following-up to my post the other day about gold market manipulation, I add a few more thoughts: 1) What is the angle of the gold market manipulation accusers? Are they just passive do-gooders? Not really. They likely have large positions in gold they want to see go up in price. But how high? $10,000 an ounce? Then what? Will they sell? Will that drive the price down and then make them the evil manipulators? What is their end game (because it’s not charity)? 2)...

Geographic Diversification is Not Just for Doomsday

I advocate geographic diversification for a portfolio (using gold). This means not keeping all your money in the country where you happen to reside. The most common criticism I hear when I mention geographic diversification is, bar none, that it will be useless in a doomsday emergency because you can’t get to the assets. This objection though misses the most salient point of geographic diversification: Not every financial emergency is doomsday.  Now, understand that I don’t think imagining extremes in investing is ever a good...