Gold is Money, Everything Else is Credit.

Gold is Money, Everything Else is Credit. Gold’s traditional role in portfolios is as a haven in times of stress or perceived high risk on a shorter-term basis and longer term as an insurance policy against a decline in the value of the dollar. Gold’s recent run is interesting because it has come in the […]
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Bitcoin is Back, With a Vengeance

Bitcoin is Back, With a Vengeance Bitcoin, the ‘nothing’ asset is back, and it continues to rally after a strong 2023, but still not quite at all-time highs. Many are focusing on this rally to argue for bitcoin as a legitimate asset, but there are better reasons for that consideration. Bitcoin is often promoted as […]
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The Long and Short of Interest Rates | February 27, 2021

The Long and Short of Interest Rates When the week started, it appeared that short-term rates would be the ‘story of the week’ due to a planned drain of Treasury cash (See “Are Negative Rates Coming Despite Fed Opposition”, below.) However, on Thursday, long-term rates took center stage as the 10-year yield jumped from a […]
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