Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

“It Makes a Great Deal of Sense to Own Gold”

May 12, 2016 By E.J. Smith - Your Survival Guy

Gold is here to stay. Make sure you own some. As I’ve said in the past, I don’t worry too much about the short-term action of gold. And I don’t buy it to make money. I buy it to hedge against the unexpected. It’s an insurance policy for my portfolio if you will.

Is there any insurance for a reckless Federal Reserve the world over?

No one knows exactly how this race to the bottom by Central Banks will end. But it is clear that they don’t have much regard for maintaining the value of their currencies. “It makes a great deal of sense to own gold. Other investors may be finally starting to agree,” Billionaire hedge fund manager Paul Singer wrote in an April 28 letter to clients. “Investors have increasingly started processing the fact that the world’s central bankers are completely focused on debasing their currencies.”

There was a time when I was at Babson where you wouldn’t laugh at the idea of investing your client’s retirement money in T-Bills. Now we’re paying the government, after inflation, to lend them money. Where in the world does that make sense?

It makes sense to the pols in Washington, D.C. and where they go to retire, at Goldman Sachs. Good ‘Ole Goldman came out with an investor note on May 10 revising downward their expectation for gold based on expectations of Fed tightening. The Fed may tighten, but team Yellen will do whatever it takes to make sure their girl wins in November. Make sure you own some gold.

Related Posts

  • What Makes America Great? Freedom
  • Trump Makes America Great in Dallas
  • Rhode Island Gun Legislation that Makes Sense
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • CATO: Global Freedom Is in Sharp Decline - January 27, 2023
  • TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic - January 27, 2023
  • Biden Administration Destroying Retiree Fiduciary Protections - January 27, 2023

Dick Young’s Must Reads

  • Gold/Silver Coins No Longer Allowed in Safe Deposit Boxes
  • CONSTITUTIONAL CARRY: Alabama Becomes 22nd Permitless Carry State
  • Your Sheriff Can Thwart Federal Gun Control Efforts
  • America’s Colleges Have Become Progressive Liberal Rat Holes
  • The Masters of the Universe Align Themselves with CHINA Using YOUR Money?
  • My Smith & Wesson Revolvers Home Defense Team
  • My Key West Garden Office
  • The Three Best Retirement Decisions I Ever Made
  • V4 Stands Against North African and Middle Eastern Invasion
  • 751 “No-Go” Zones in France

Disclosure

RSS Youngresearch.com

  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Suddenly, Holding Cash Looks Good Again to Many
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Is Passive Investing Already Passé?
  • Welcome to Hotel California, Where You Can Never Leave
  • What You’re Telling Me Matters
  • Can Banks Compete with Apple Pay and PayPal?
  • America’s Super States and Stocks that Respect YOU
  • Markets Are Calling the Fed’s Bluff
  • Don’t Let Your Lazy Cash Eat all Your Food

RSS Yoursurvivalguy.com

  • CATO: Global Freedom Is in Sharp Decline
  • TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Welcome to Hotel California, Where You Can Never Leave
  • What You’re Telling Me Matters
  • The Rich Seek More from Bank Accounts
  • California’s Wealth Tax Will Drive Out Remaining Rich Residents
  • Political Establishment Irate over Conservative Challenges to ESG

Don’t Believe ’em. They’re Coming for Your Gas Stove

NH Republicans Favor DeSantis Over Trump By a Big Margin

CATO: Global Freedom Is in Sharp Decline

The Telling Depth of Media Propaganda and Censorship

TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic

Biden Administration Destroying Retiree Fiduciary Protections

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives