Don's Column

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A Bit of History

Author:
Don Stott
Publish Date:
12/11/2017

The funny thing about history, is that, as was said in “A Handbook of English Proverbs,” in 1855, “He that would know what shall be, must consider what hath been.”  Or maybe from Thucydides in 410...

Proofs

Author:
Don Stott
Publish Date:
12/01/2017

This is going be an easy one to compose, because all I have to do is quote from a Wall Street Journal column of 11/27/2017.  It begins as follows:  “The U.S. Mint makes a pretty penny selling gold and silver...

We Are Losing America

Author:
Don Stott
Publish Date:
11/27/2017

America as it was a 150 years ago, would be unrecognizable, if were someone resurrected today.  America of 1867, as an example, had federal spending of about $45 per citizen per year, not derived from taxes.  Today, the...

Charity or Government

Author:
Don Stott
Publish Date:
11/10/2017

An article in the Wall Street Journal a couple of weeks ago, told of a man named Kenneth Griffin who has donated $125 million to his favorite charity, in this case the University of Chicago’s economics department. ...

China's Sudden Growth

Author:
Don Stott
Publish Date:
11/03/2017

Whenever something happens quite suddenly, there is usually a reason.  If a tire suddenly goes flat, there’s probably a nail in it.  Clouds may mean rain or snow, and when a store wants to move slow merchandise,...

It Won't Work Forever

Author:
Don Stott
Publish Date:
10/30/2017

‘Something’s got to give,’ is an old expression.  It’s really very simple:  Let’s suppose a government takes in $100 billion, and spends $150 billion.  Or to make it easier to...

Fungible

Author:
Don Stott
Publish Date:
10/20/2017

Something that is ‘fungible,’ is moveable, accessible, able to be held, physically stored and transferred to another place.  Fungibles have physical value, such as a barrel of oil, a ton of wheat, or an ounce of...

Tax Reform

Author:
Don Stott
Publish Date:
10/16/2017

I’m certain you remember one of the President’s campaign promises, which was to lower corporate and individual taxes.  Good Luck Mr. President!  What seems to be happening, according to a current Journal...

Money Part IV

Author:
Don Stott
Publish Date:
10/06/2017

I know, I promised not to write any more political columns, but this is about economics…sort of anyway.  I am writing about a foundation.  A foundation which has been established to benefit charity, as all...

Money Part III

Author:
Don Stott
Publish Date:
09/29/2017

Let’s discuss what you can do with money you have as a surplus after providing for your retirement and old age.  There are lots of possibilities, and I have already mentioned a few, such as Andrew Carnegie who donated...

Money Part II

Author:
Don Stott
Publish Date:
09/25/2017

The noun ‘money,’ is perhaps one of if not the most important words in the English lexicon.  We need money to buy things, make payments on loans, rent, credit cards, and even fines if we are caught disobeying the...

Money

Author:
Don Stott
Publish Date:
09/15/2017

The dictionary definition of ‘money,’ has several definitions, but the first in my dictionary seems to describe it best:  (a) “Standard pieces of gold, silver, copper, nickel, etc. stamped by government...

Chapter 17

Author:
Don Stott
Publish Date:
09/10/2017

The following is a total word for word quote of Chapter 17, from “I Hold These Truths,” which I began writing in 1986, when I got my first computer.  It was crude, but I discovered that I could write, which I had...

Gun Safes

Author:
Don Stott
Publish Date:
09/05/2017

An ongoing question over the many years I have been doing this, often is, “Where do I store the stuff?”  I tell then “store it where no one would think of looking.”  Then they say that if they...

Gasoline vs. Diesel

Author:
Don Stott
Publish Date:
08/28/2017

An ongoing comparison, which has been going on for many decades, is ‘what is the best way to run a car?  Diesel or Gas?’  Many say that since all highway tractor-trailers use diesel, diesel must be...

Bitcoin, etc.

Author:
Don Stott
Publish Date:
08/19/2017

A few years ago, some entrepreneur had a bright idea.  He must have thought to himself, ‘Boy, silver and gold are far too expensive, and people want something cheap.  I’ll make a coin that is a bit cheaper...

Ratios

Author:
Don Stott
Publish Date:
08/14/2017

There are all sorts of ‘ratios’ in life, and even in economics.  The late Richard Russell, (1924-2015), founder of “The Dow Theory Letter,” wrote many times, that a good stock to buy is when its PE...

Numismatics

Author:
Don Stott
Publish Date:
08/04/2017

Numismatics, are the study, selling, and buying of rare coins.  It can be American coins, coins or bars salvaged from old ship wrecks on the floor of the sea, or any coins or bars which are rare.  As an example, in...

Buy Low, Sell High

Author:
Don Stott
Publish Date:
07/28/2017

That’s the best set of instructions for buying anything and selling anything, be it stocks, real estate, antiques, or what have you.  How do you know when the price of anything is low or high?  I haven’t the...

The Constitution

Author:
Don Stott
Publish Date:
07/17/2017

You remember it don’t you?  If you went to school more than 45 years ago, you were taught about the Constitution.  That’s the document copied around the world for its brevity and advocacy of freedom from...

 

 

Spot Prices
Gold:   $1,256.20   +0.70
Silver:   $16.10   +0.06
Platinum:   $895.50   +6.10
Palladium:   $1,031.40   +9.00

Updated: Fri Dec 15