Jim’s Quote of the Day:

“So, we can say that, yes, the Dow has been in a bull market since October 2002 in dollar terms, but it has been in a bear market in gold terms. This is an important point to understand. In case we should experience continuous monetary inflation, which could lift, over time, all asset prices such as stocks, real estate, and commodities, some asset classes will increase more in value than others. This means that some asset classes while rising in value could deflate against other asset classes, such as happened with the Dow against gold since year 2000. – Marc …











































Jim’s Quote of the Day:

“It was on the Rütli Meadow that the Swiss Confederation was first formed on 1 August 1291. For 650 years, Swiss fighting men had earned the reputation as the most ferocious in Europe. Their determined refusal to live under the rule of foreign kings, was legendary. Most people know the story of William Tell, the hero who refused to bow before the Austrian governor Gessler. He was condemned to shoot an apple off the head of his 6-year old son at 120 paces. If he refused, both father and son would be executed. In a remarkable display of archery skill, …