Category: inflation

Investing, Speculating, And Hedging

     Because of my interest in monetary theory, I’m occasionally asked whether the precious metals are a “good investment.” It’s a question that can’t be answered with a simple yes or no, because it lacks context.      The required context is the answer to this question: “Where do you store value?”      I regard gold …

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Get It While You Can

     Americans are used to a condition of abundance. Not Marxist “abundance,” which prophesizes a world in which everything is so copiously available that there’s no need for prices and commerce. Rather, Americans are used to free-market abundance: a condition in which the availability of goods at affordable prices can be relied upon, because there …

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