“A billion dollars ain’t what  it used to be.” Bunker Hunt reportedly said those words in the early 1980s after the Hunt brothers lost a large chunk of their family fortune in their ill-fated cornering of the silver market.  But John Paulson must be thinking the same thing.  After Monday’s 9.3% drop, Paulson has personally...Read More

The Mises Institute, dedicated to “proceeding ever more boldly against evil,” appears to take issue with some of my comments on gold ($GLD $GC_F): Charles Sizemore, CFA, wrote back in June, “Gold today is as risky as tech stocks in 1999 and Miami condos in 2005, and the arguments supporting its rise are every bit...Read More