RichC | September 4, 2024
While at the National Museum of the Great Lakes in Toledo over the weekend with KDAE, I took a photo of a surprisingly comfortable leather chair that was on the SS Col. James M. Schoonmaker. The chair was “I think” original to the ship in 1911 and looked interesting enough to dig a little deeper […]
RichC | April 30, 2024
While uploading a late April 2024 peaceful looking Delray Beach scene from my “aging” iPhone 7 Plus, the distorted panorama photo has me wondering just when it will be time to upgrade? Since my 7 year old smartphone will no longer update a few of the apps due to an old iOS … I do […]
RichC | February 28, 2023
This past month on our trip to Florida, I downloaded an audiobook on Hoopla from the library in order to save on iPhone data (our Mint Mobile plan has a 4GB limit). I started it on my AfterShokz headset while on the beach, but Brenda soon wanted to listen with me … so we both […]
RichC | September 3, 2021
A friend asked me the other day, “what are you going to do if inflation becomes a bigger problem than it is already?” Good question … the canned answer (safe answer) is to be diversified. The reality is far more challenging. There was a day when the first reply was to own hard assets like […]
RichC | June 17, 2020
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RichC | March 11, 2020
Although I suspect all the selling on Wall Street has to do with needed cash or the “sell and re-assess later” attitude, I’ve been puzzled that gold (usual safe haven) and utilities have been hit as well. Personally I thought these areas might balance exposure to industrials, tech and energy. Obviously not as Wednesday’s market […]
RichC | January 15, 2015
While watching the stock market decline and gold prices rise this week (Swiss franc against the euro decoupling) and listening to economists suggest deflation is likely, it is becoming clear that the slowdown overseas will be impacting earning for large cap companies and international funds. The U.S. economy seems to be holding up, but pension […]
RichC | December 19, 2013
Gold dropped to a six-month low on Thursday selling off as the Federal Reserve’s pulled back in the U.S. monetary stimulus. It closed down 2% to $1,196.31/ounce which is the lowest since June 2013. Give credit or blame the Fed which took its first step in winding down the easy money policies which helped to […]
RichC | September 27, 2012
After three rounds of Federal Reserve quantitative easing and the pumping money into the system, the economy remains depressed and there is growing concern over eventual inflation. The buying power of the U.S. dollar is noticeably weaker for those with stagnate earnings — most of middle-class America. Who knows when government inaction on trade, deficits, […]
RichC | August 8, 2011
Double dip or not? That is the question investors are facing, especially if they are holding stocks and bonds. After lunch today the markets are still seeing heavy selling … panic selling perhaps … after the S&P downgrade this weekend. Realistically though, companies and even banks are much stronger than they were back in 2008 […]
RichC | February 23, 2011
The stock market was down on Tuesday in its biggest drop in 2011. The unrest in the Middle East and North Africa sent oil prices soaring while those buying considered gold or precious metals with the recent news from Libya. The Dow Jones Industrial Average tumbled 178.46 points, or 1.4%, to 12212.79, the Standard & […]
RichC | December 19, 2010
In a previous post I mentioned that Brenda and I were going to try selling a few pieces of broken gold jewelry, some tarnished silver and a few odd ‘lost and found’ type items that we knew we wouldn’t wear. Sure I could have taken them to a local gold buyer, but since the conservative […]
RichC | November 18, 2010
Although I’m not rushing to melt down my wedding band just yet, the impressive decade long run-up in gold prices does have me thinking about cashing in. Maybe I can convince my wife to send in a few of those rarely worn gifts to goldstash.com. (If it’s good enough for the conservative financial radio guy […]
RichC | May 12, 2010
Gold, the investment that rises when risk becomes too great has reached its highest level trading up on Tuesday and continuing to push record areas on Wednesday morning. The $1240 per ounce price has investor’s worried about markets and inflationary pressures. The stock market is opening higher today renewing a bit more confidence that the […]