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Why Is Gold Rising?

Source: A Wealth Of Common Sense

    Real interest rates are falling. This makes the most intuitive sense. Gold doesn’t yield anything because it doesn’t produce any income or profits. But bond yields in developed countries across the globe aren’t much better than the 0% yield in gold. The dollar is falling. Gold is its own animal as an asset class…

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The Greatest Danger Investors Face

Source: A Wealth Of Common Sense

Benjamin Graham described Wall Street as a “madhouse” and said the stock market “resembles a huge laundry at which institutions take in large blocks of each other’s wash without true rhyme or reason. ”The problem with our industry, Graham insisted, is not speculation per see; speculation has always been part of the market and always…

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