Monthly Archives: July 2012

The answer of course is not very many. At one time Warren Buffet owned something like 25% of all existing silver bullion. With this market, it is important to remember that the math just does not add up when it … Continue reading →

We have European leaders fiddling while Rome burns (almost literally given the state of Italian finances), and we have a US central bank that seems determined to let the market sort things out by not granting QE III. Global stock … Continue reading →

Remember, above all else, that America is an idea. We speak of a land of opportunity, but the power of this country is greater than material possessions, or, for that matter, brute force and national pride. The idea of America … Continue reading →

Its already been commented on elsewhere, but the admission that LIBOR rates were being manipulated puts us closer and closer to the moment when large swaths of the investing public note how the emperor has no clothes. It was quite … Continue reading →