Something to know about U.S. Treasuries
My jaw dropped when I heard this story. A friend of mine was in his early career on Wall Street; he was a trainee under a man by the name of Kevin, the Managing Director of the Govt Bond Trading Desk. Interest rates had just reached 15% on the 30…
The Biggest Company in the World
The biggest company in the whole wide world started off as a custodial business for physical gold and silver. People entrusted the company with their physical gold and silver in exchange for paper IOUs which they could use to barter for goods and services. In 1944, the company held more…
What happened to our savings?
I remember being nine years old with a big wad of cash. In 1980, I had earned allowances over the years and was growing and selling strawberries for a profit. While my brother was a big spender, I was a big saver. I understood the benefits of saving, especially after…
Market Games and Gold
I’ve been trading gold miners for about three years now, and I’ve observed first hand how easily these guys are thrown around by manipulation in the price of gold. There’s paper gold and there’s physical gold, both the same price in the stock market. The idea is that gold is…