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Leverage is the use of credit or borrowed capital to increase the earning potential of your investment portfolio. But like everything else in finance, higher returns mean higher risk, so leverage is not for everyone. Nevertheless, leverage can be a useful tool for those accepting the risk. If you choose to use it to maximiseRead more

We are told by Shakespeare: “Neither a borrower nor a lender be.” Is it good advice?   Like so many things in life, the answer is – it depends. Individuals are different, and what is right for one person may not be suitable for another. What’s more, everyone’s circumstances are different, which may require differentRead more

Transferring Power to the People Of the many significant statements made by President Donald Trump in his inaugural address, I believe the following stands out: Today, we are not merely transferring power from one administration to another or from one party to another, but we are transferring power from Washington, D.C. and giving it backRead more

How Much Did It Cost to Build the Titanic   I recently received a link to an article in The Vintage News with an eye-catching headline: “The replica Titanic cost $435 million & is set to launch in 2018”. I was intrigued, so I couldn’t resist reading the article. It reported that an Australian billionaire wasRead more

The US federal government’s financial accounts end each year on September 30th. Last week the Treasury Department reported the government’s financial position for the fiscal year ended 2016, and it does not look good. I will ignore for the moment the government’s negative net worth, which itself means that the federal government owes more thanRead more

The following exchange occurred on December 18, 1912 when J.P. Morgan – the most influential American financier and banker of his time – was called to testify before Congress. Mr Untermyer: I want to ask you a few questions bearing on the subject that you have touched upon this morning, as to the control ofRead more

Thursday, June 23rd is the day voters in Great Britain will decide whether their country will leave the European Union, an outcome dubbed “Brexit”. The debate leading up to the vote is becoming fierce, and long simmering disagreements within the Conservative Party to “Leave” or “Remain” in the EU are now boiling over. Prime MinisterRead more

Here’s a question that might have you pondering: Is gold a commodity? More importantly, are we doing a disservice to the gold industry by calling gold a commodity? These may sound like silly questions, but hear me out. Last month I participated as a keynote speaker at the Asia Mining Conference in Singapore. There wereRead more

No one can predict the future, but charts can provide a useful roadmap to help guide us through uncertainty. Charts do this because they illustrate price trends – whether up, down or sideways – and it is always important to keep your investment portfolio in harmony with the trend. The following weekly chart of Bitcoin’sRead more

Yesterday’s speech by Federal Reserve Chair Janet Yellen roiled markets across the globe. Any increase in US dollar interest rates has been postponed yet again. As a consequence, it is not surprising that the dollar tanked, and gold jumped higher in a spell of <frenetic short-covering>. While Fed officials often speak in a nuanced way,Read more