The larger the country, the less the likelihood of getting a leader who can be trusted with the job.
A Normal Country
If left to their own devices, people will tend to come up with a society in which residents treat each other with equanimity and respect each other’s property. They’ll tend to help their neighbours, yet will otherwise respect each other’s privacy.
The Precious Metals Week in Review – January 3rd, 2020
It was another shortened trading week due to the timing of the New Year holiday period this year. Despite the shortened week, there was no lack of market-affecting news.
Farewell to Paper Money?
A decade or more ago, I began to discuss with associates the possibility of governments and banks colluding to eliminate physical cash. Back then, the idea struck most everyone as poppycock, that governments could never get away with it.
The Precious Metals Week in Review – December 27th, 2019
It was a shortened trading week due to the timing of the Christmas holiday period this year. The impeachment of Donald J. Trump was pushed to the back burner as Congress left Washington, D.C. for its Christmas break and media outlets began their usual year-end reviews of the markets.
The Precious Metals Week in Review – December 20th, 2019
1. It was a historic week as the U.S. House of Representatives voted to impeach just the third sitting president since the United States of America formed as a republic. 2. The seasonally adjusted number of Americans filing initial claims for state unemployment dropped by 18,000 claims from the previous week’s unrevised level to 234,000…
The Precious Metals Week in Review – December 6th, 2019
The U.S.-China trade negotiation continues to be the top factor for market volatility. The impeachment inquiry into President Trump’s dealings with Ukraine also resumed this week, and it appears that the House will proceed with drafting formal articles of impeachment.
Betting on a Pair of Deuces
I’ve never been much of a gambler. On the rare occasions I’ve played poker, I almost always came out ahead, but I almost never bluffed and, probably more important, I always played with amateurs like myself, never with players who really knew what they were doing.
The Precious Metals Week in Review – November 29th, 2019
Despite the shortened trading week due to the Thanksgiving holiday in the U.S., and seemingly positive progress in the trade talks between the U.S. and China earlier in the week, uncertainty surrounding the U.S.-China relationship continues to be the primary driver for market volatility.
On The Ground In Hong Kong
Throughout the world, the media televise weekly reports on the protests in Hong Kong. Developments have remained highly visible, courtesy of regular demonstrations that take place like clockwork, every weekend in the business district of the city.