The Gold Informant – Not for the weak minded

Could you imagine an old piece of furniture lying around your house being worth over a million bucks? That’s what happened to LT, a middle-aged gentleman on disability who was struggling to get through each month. His family had an old Indian blanket that they’d used for years. To them it was just like any other blanket. But when LT…

It’s interesting how many people think that forcing employers to pay more for unskilled labor is helpful to the economy. The argument goes something like this: Can you imagine living on $10 per hour? That’s nothing. I couldn’t even imagine living on $15 an hour. At least these poor guys can get a raise and survive more comfortably. What they…

A recent study reveals that more than those in the age group between 25 and 34 are staying home much longer. While this age group typically is chomping at the bit to leave home, some countries show that more than 50 percent of them are staying home. Spiegel reports, “In 2011, more that 50 percent of the 25- to 34-year-olds…

It’s hard for westerners to understand the investing and saving mindset that pervades the culture in India. The contributing factors range from a long and rich history to government distrust to an ingrained knowledge that saving is a part of life. While Americans set aside around 5% a year in savings, Indians average about 30%. However, unlike Americans, Indians don’t…

According to the BLS, current “official” unemployment is just under 8% and dropping. This represents a marked improvement from the high of 10% reached in October, 2009, but still a far cry from the goal of under 5%. The most recent figures show a decrease in unemployment from 7.9 in October to 7.7 in November. Of course, John Williams paints…