Tag archives: Financial

Why You Should Buy Gold If You Foresee Deflation, Not Inflation (CGL)

Last update on May 30, 2016.

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Conventional wisdom says that we should buy gold when we expect to see high inflation. The argument is simple: gold prices generally keep up with the rate of inflation, so when inflation is high, gold prices  should rise.

Five years ago, as gold prices approached $1,900 USD/oz (U.S. dollars an ounce), a stream of endless talking heads appeared on business TV channels and newspapers to promote the idea that gold was headed to $4,000 USD/oz or more.

Their reasoning was simple.

The Federal Reserve, which is ...

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How Much Do Financial Advisors Charge, Really?

Last update on July 17, 2013.

Money origami

A few of my friends have financial advisors. When I ask them how much they think the advisor is costing them, I usually get a very confused response.

"Don't they work for free?"

is sometimes what I hear. Others say that they're aware that mutual funds are charging them roughly 2% per year. When I ask them if they think that's too much, they shrug their shoulders. 2% doesn't sound like a lot.

Until, I ask them the following.

"If you have $50,000 in mutual funds, 2% is $1,000 per year. Are you happy ...

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