The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s.
James GrantNothing beats a little cash in a bear market, of course, and the oldest form of cash is gold.
James GrantTo me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n.' And 'n', I'm glad you ask, 'n' is the world's trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it. So the smaller 'n', the bigger the price. One divided by a receding number is the definition of a bull market.
James Grant