Sound motivation, good timing, good  strategies and reliable current information are essential for all investment decisions. Gold is no exception.

My new book on Gold is scheduled for publication about Easter next year.  There will be no  time to post comments on this blog until the manuscript has been edited and finalised.

 My suggestions for now are to  follow two of the late Maynard Keynes’s pithy suggestions:

1: Successful investing is anticipating the anticipations of others.

 2: When the facts  change I change my mind. What do you do Sir ? 

Goldwatcher 8th October comment re-posted:

Keynes on The Economic Consequences of the Peace:

“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

“By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.”


 Chart £ – $

Chart of exchange rate values over time

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