All Posts Tagged With: "commodities"
Bless the Speculators
“I believe there needs to be a thorough and complete investigation of speculators to find out whether speculation has been going on and, if so, how much it has affected the price of a barrel of oil. There’s a lot of things out there that need a lot more transparency and, consequently, oversight.” Those are [...]
1Nov2008 | John Stossel | 1 comment | ContinuedSpeculation and Risk
Last month I showed that speculators are best thought of as conservationists. They are constantly looking to the future and conserving resources they believe are becoming more valuable. Since no one can predict the future with full confidence, speculators necessarily take risks. And when a speculator misjudges the future, he moves resources from periods when [...]
1Sep1999 | Dwight R. Lee | 4 comments | ContinuedA Golden Comeback, Part I
“A more timeless measure is needed; gold fits the bill perfectly.” —Mark Mobius When speaking of the Midas metal, I’m reminded of Mark Twain’s refrain, “The reports of my death are greatly exaggerated.” After years of central-bank selling and a bear market in precious metals, the Financial Times recently declared the “Death of Gold.” But [...]
1Sep1998 | Mark Skousen | 0 comments | ContinuedLabors True Magna Charta
Labor is a commodity whether exchanged directly or indirectly—directly as a service or indirectly as the bag of wheat produced by one’s labor. Since the beginning of 1933 more than 630 million man-days of work have been lost as a direct result of work stoppages, with no account taken of the secondary idleness caused by [...]
1Sep1956 | Paul L. Poirot | 0 comments | Continued-
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