Gold: Good For Nothing

Brad Schaeffer is right: Numbers don't lie. And the numbers on gold are pretty clear: it's a lousy investment over any long period of time. In times of economic uncertainty and malaise (whether it is now or the 1970s) gold prices have indeed gone up rapidly. (Just like dot.com stocks or real …

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Written by Eli Lehrer on Tuesday September 27, 2011

How to Protect Your Finances in a Default

Six months ago I thought a federal default unthinkable. Default now seems all too sadly possible. How can individuals protect themselves from the economic consequences of a worst-case scenario? Some thoughts: In a default, cash will be worth less (because the dollar will plunge), and debt …

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Written by David Frum on Tuesday July 26, 2011