Gold has suffered a surprising upward trend, almost 80 dollars in a single week.
Normally Central Banks then sell gold to depress the price, however in this case, a rising gold price means the Central Banks now have more assets on hand and that helps to keep them solvent.
Silver, or poor man's gold, has also seen a upward trend, however not as large percentage wise as Gold has, there is perhaps still some room to purchase Silver in expectation of a rising price and a profit, however Silver is purely an investment as no Central Bank holds silver reserves.
Buyer beware on silver purchases for anything other then a small fast profit or as a minor hedge against inflationary presssures.
There will be no Hunt Brothers this time out, and the commodity bubble bursting effected silver.
Sunday, February 22, 2009
Thursday, February 5, 2009
Mormon Index rising...Alpha Strategy in effect?
Now I must confess my issues with Mormon Theology, however on the whole I've found such differences to be no barrier to friendship and good natured conversations with my fellow Mormon Americans.
That stated, I must say the "Mormon Way" of preparing for one year of hard times with no commercial food or personal care products is a great and wonderful example of what Americans of any creed or even no creed or faith should practice if possible:
A contrarian view of what is really happening in the US Economy is Mormon Index, a compendium of the utilization of the services of a Mormon Warehouses:
.....Winona and Kevin Black began stocking their shelves a couple of years after their 1985 wedding. When they moved to St. Louis, in 1990, they had two small children and began their food storage in earnest. Kevin Black was a resident at Barnes Hospital at the time, and the family was spending $30 a week on food.
Today, with seven children, the Blacks have increased their food budget to $100 a week, and they've abided by the church's food-storage suggestions for two decades.
One of their daughter's twin mattresses was set up on boxes filled with cans of powdered milk, potato flakes and red beans. Shelves in an upstairs closet of their Crestwood house are balanced on the large No. 10 cans used in the church's cannery operation and filled with wheat.
In a separate storage room downstairs, more boxes of wheat, pasta, sugar and oats sit next to multiple jars of mayonnaise, boxes of soup mix, bags of popcorn and cans of refried beans.
Winona Black keeps a black marker in the room to help her keep track of the rotation of supplies
The Bishops Warehouse also provides services such as resume writing and faux interviews that are video recorded and played back so any flaws in the interviewee's performance may be crtiqued and improved.
Quite impressive, and everyone whether atheist or other, could take a lesson from those remarkable preperations.
That stated, I must say the "Mormon Way" of preparing for one year of hard times with no commercial food or personal care products is a great and wonderful example of what Americans of any creed or even no creed or faith should practice if possible:
A contrarian view of what is really happening in the US Economy is Mormon Index, a compendium of the utilization of the services of a Mormon Warehouses:
.....Winona and Kevin Black began stocking their shelves a couple of years after their 1985 wedding. When they moved to St. Louis, in 1990, they had two small children and began their food storage in earnest. Kevin Black was a resident at Barnes Hospital at the time, and the family was spending $30 a week on food.
Today, with seven children, the Blacks have increased their food budget to $100 a week, and they've abided by the church's food-storage suggestions for two decades.
One of their daughter's twin mattresses was set up on boxes filled with cans of powdered milk, potato flakes and red beans. Shelves in an upstairs closet of their Crestwood house are balanced on the large No. 10 cans used in the church's cannery operation and filled with wheat.
In a separate storage room downstairs, more boxes of wheat, pasta, sugar and oats sit next to multiple jars of mayonnaise, boxes of soup mix, bags of popcorn and cans of refried beans.
Winona Black keeps a black marker in the room to help her keep track of the rotation of supplies
The Bishops Warehouse also provides services such as resume writing and faux interviews that are video recorded and played back so any flaws in the interviewee's performance may be crtiqued and improved.
Quite impressive, and everyone whether atheist or other, could take a lesson from those remarkable preperations.
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