Another Perspective On Gold Investments

[Several] weeks ago, before Jamie Dimon’s thoughtful diversion, Charlie Munger of Berkshire Hathaway instructed viewers of CNBC that “civilized people don’t buy gold, they invest in productive businesses”. Munger was right in that civilized people invest in productive businesses and was right to imply that gold is a non-productive rock, but, in our humble opinion, [...]

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Fixed

“Don’t fight the Fed – bet on it.”

  —    Lee Quaintance and Paul Brodsky of QB Asset Management.

 In December last year, the poet Alice Oswald withdrew from the TS Eliot poetry prize on the grounds that the prize was being sponsored by an investment company (Aurum, a fund [...]

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