A fatal conceit

Alhambra Investments/Joseph Y. Calhoun/1-22-2023

cartoon image of man flipping a gold coin“Investors spend an inordinate amount of time trying to figure out something that is beyond figuring. Their views of the economy and markets are shaped by current economic data and expectations regarding the future actions of a small group of economists who have no better chance of predicting the future than a coin flip. And their collective track record at such tea leaf reading hints that the coin might be the better choice.”

USAGOLD note: What you just read, if you accept it as accurate and we do, is the best argument for diversification – and that diversification, if history is a teacher, should include gold and silver…… Some practical advice at the link.

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