According to reports, the Securities and Exchange Commission reviewing a proposal to create the first diamond-backed ETF, which has some speculating that diamonds could follow in gold’s rapidly-appreciating footsteps.
Here’s another data point that gold and other things that are supposed to trade up when inflation spikes are in a bubble: The prices of books about hyperinflation are themselves hyperinflated (from Fortune): Jens O. Parsson’s out of print economic treatise, Dying of Money: Lessons of the Great German and American Inflations, is selling for [...]
The consumer price index, which measures inflation, was out this morning and it was down slightly in April. Here’s what Calculated Risk had to say: The disinflationary trend continues – and with all the slack in the system (especially the 9.9% unemployment rate), it is hard to see inflation picking up any time soon. The [...]
After being urging to do so by several readers, I finally read Ron Paul’s End the Fed. I was about to buy it for the Kindle I got for Christmas, but when I got to work Monday morning there was a package in my mailbox from Gary Howard at Paul’s Campaign for Liberty with two [...]
My new column is online and in the issue of TIME with the crying baby on the cover. While we’re on the topic of the cover, I should mention that Andy Serwer’s cover story on The Decade From Hell is not purely an exercise in looking through the rearview mirror. Well, actually, it is mostly [...]
There are the gold bugs, with their tales of impending economic apocalypse. And then there are people like Martin Murenbeeld, chief economist for Canada-based money manager DundeeWealth. “I’m just an economist who happens to like gold,” he says. “I’m not always bullish on it.” Right now Murenbeeld is bullish on gold. He was here at [...]
