Many non-professional investors know that the price of gold has been climbing in recent years due to demand from hedge funds, institutional investors and individual investors looking for a hedge against inflation and seeking to diversify their…
While financial professionals like to present themselves as being driven by cool logic and rational analysis, they are as prone to myths and urban legends as everyone else. As investors pick through the financial aftermath of last…
A lengthy new report from the Ewing Marion Kauffman Foundation, a Missouri-based group that promotes economics education, says some pretty scary things about exchange traded funds (ETFs). Unfortunately for a foundation that aspires to teach people…
A few weeks ago, the US Federal Reserve announced an aggressive and arguably controversial extension of their quantitative easing program. Ironically, at the same time that the Fed is embarking on a new round of asset purchases, in the weeks…
Back in early 2006, Timothy Middleton, a financial writer for MSN Money, predicted that gold was toast. The price of the precious metal, he argued, had peaked at $570 an ounce. “If you own gold,” he proclaimed, “this looks to me like a swell…
