Crawling Road

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...

Gold Market Manipulation is a Myth

Is the gold market manipulated? No, at least not in a way that matters to long-term investors. If I were to believe that manipulators can control the gold markets at will, then the same thing goes for stocks, bonds, pork bellies, etc. So I shouldn’t buy those either. The Markets Are Bigger Than Anyone Could gold market manipulation happen? Sure. Will it happen indefinitely? No. Would it be sustainable if the markets all decide to go in a particular direction...

Retirement Plan Seizure Risks and Nimble Wealth

Retirement plans are juicy targets for seizure by politicians. In fact, I think there is a decent chance of a retirement plan seizure in the future in the United States. I don’t know if/when it will happen, and I’m not suggesting you liquidate your retirement savings. But I think we should acknowledge that retirement savings have been seized in enough other countries to at least consider the possibility wherever you may live. I suspect the pols in the U.S. just need the right emergency to...