“Every human problem is an investment opportunity if you can anticipate the solution,” the old gentleman told me. “If not for thieves, who would buy locks?” I just met this remarkable fellow, full of wisdom on investing, yet hardly known beyond a small group of fans. His name is Thomas Phelps, and he’s had quite…Read more…

The currencies began to get some wind in their sails yesterday midmorning, and soon an all-out rally was taking place. The currency rally was led by the euro (EUR), just like in the old days, and the euro was getting bought like dealers were giving them away for free! Rumors of the European Central Bank…Read more…

The price of gold shot up yesterday. Reports said investors were betting on another round of “quantitative easing,” aka money printing. But are gold buyers making a big mistake? Is history repeating itself? The New York Times suggests it is: As it was in 1980, could it be again in 2012? The 1980 presidential election…Read more…