economics


Volatility creates opportunities.

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Gold has been pulled in two directions in the last week. On one hand, renewed Middle East tensions briefly pushed investors toward precious metals. On the other hand, shifting expectations for Federal Reserve policy, a resilient US dollar, and hopes for diplomacy triggered equally sharp reversals. 

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Independence Week

“To all you [bankers], who are independent, throw your hands up at me.”


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Friedman Was Right, Just Mostly Misquoted...

“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.