Don's Column

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The Krugerrand

Author:
Don Stott
Publish Date:
02/16/2018

In May of 1975, I sold the Grand Imperial Hotel in tiny Silverton Colorado for six times what I had in it, and took a 30 year note back, which meant that I didn’t have to work any more.  I was 41, and that didn’t...

The Silver Scam Continues

Author:
Don Stott
Publish Date:
02/12/2018

The phone rings, and it is an old customer who lives a few miles from me.  Peter asks if he can bother me for a few minutes. “Certainly!  Come on by.”  Peter comes by, doesn’t want to buy...

Pump and Dump

Author:
Don Stott
Publish Date:
02/05/2018

The stock market has done a bit of correction in the last week or so.  About 7%, as a matter of fact.  To me, who doesn’t own a single share, it was to be expected.  “Whatever goes up, must come...

Illinois Economics

Author:
Don Stott
Publish Date:
01/29/2018

Economics is the backbone of every business, individual, and state.  Without excellent ratios between buyers and sellers, and government expenditures and tax receipts, bankruptcy will surely be threatened.  With that in...

Get Rich Scheme

Author:
Don Stott
Publish Date:
01/22/2018

Everyone wants to be rich!  There are thousands of web sites, advertisements, and other come-ons by con artists, who for a fee, (of course), will divulge to you the means they used to corner the market on stuff, open a sure...

The Bundy Affair

Author:
Don Stott
Publish Date:
01/15/2018

You may remember that the Bundys were charged twice about having their cattle grazing on ‘federal’ land without paying for it.  They went to court twice and were found not guilty twice, and ‘with...

Over 95,894 pages

Author:
Don Stott
Publish Date:
01/08/2018

That book would be difficult to read, and especially if a new page were added every two hours and nine minutes.  That is according to a publication called “Ten Thousand Commandments,” published yearly by the...

UNICEF and Afghanistan

Author:
Don Stott
Publish Date:
12/29/2017

This morning on NPR, a weepy UNICEF woman was bemoaning the fact that there are close to 50 million kids in the world, who are either starving, disease ridden, or abandoned.  She itemized the nations in which these kids...

Big Deficit

Author:
Don Stott
Publish Date:
12/26/2017

Now that Republicans have gotten the tax reduction bill passed and signed, It’s interesting to note that Democratic critics are deeply worried that the national debt may be increased by a trillion dollars in the next ten...

Bitcoin Again...

Author:
Don Stott
Publish Date:
12/18/2017

The bubble escalates.  As of Friday, December 15, 2017, a brass coin was selling for over $19,000.  A coin which has no physical value, as do gold and silver coins.  Why do gold and silver coins have value? ...

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...

 

 

Spot Prices
Gold:   $1,332.30   -21.90
Silver:   $16.54   -0.21
Platinum:   $1,006.00   -4.30
Palladium:   $1,040.00   -0.75

Updated: Tue Feb 20