Investments and the Stock Market

A Golden Comeback, Part III

November 29, 1998

Economics on Trial THE FREEMAN NOVEMBER 1998 by Mark Skousen “A free gold market … reflects and measures the extent of the lack of confidence in the domestic currency.” – LUDWIG VON MISES In the past two columns, I’ve highlighted the uses and misuses of gold. Despite occasional calls for a return to a gold [...]

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A Golden Comeback, Part II

October 29, 1998

Economics on Trial THE FREEMAN OCTOBER 1998 by Mark Skousen “Gold maintains its purchasing power over long periods of time, for example, half-century intervals.” Rou JASTRAM, The Golden Constant1 In last month’s column, I focused on gold’s inherent stability as a monetary numeraire. Historically, the monetary base under gold has neither declined nor increased too [...]

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A Golden Comeback, Part I

September 29, 1998

Economics on Trial THE FREEMAN SEPTEMBER 1998 by Mark Skousen “A more timeless measure is needed; gold fits the bill perfectly.” –MARK MOBIUS When speaking of the Midas metal, I’m reminded of Mark Twain’s refrain, “The reports of my death are greatly exaggerated.” After years of central-bank selling and a bear market in precious metals, [...]

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You Be the Banker

September 7, 1998

CLOSED-END FUND SURVEY Forbes September 7, 1998 You Be The Banker by Mark Skousen If credit risk bothers you less than interest rate risk, consider owning a prime rate fund. Two rules of thumb on buying closed-end funds, elucidated elsewhere in this survey, have to do with the cost of ownership. One is that you [...]

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