Category: Investing

Investing

Santa Bringing Negative Interest Rates To Switzerland

I just saw that the Swiss National Bank has lowered rates to negative territory (-0.25% right now). Fun times for the Swiss savers. Germany has also had rates touching negative land this year as well. Of course, U.S. rates for cash are hovering around 0% going on five years. Finally, I just got back from Japan and they’ve played in 0%-ville for at least a decade. These actions by the central banks really point out one of the many problems...

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)...