Occupy Wall Street

Good afternoon; With the cool weather rolling in it will be interesting to see if it has any impact on the subject of this week’s article…

Occupy Wall Street is now occupying the front page news on a daily basis.  There are some legitimate reasons to be frustrated with the big banks.  Taxpayers bailed out many of the big banks in 2008 and 2009.  That was several years ago but changes to the big banks have not been made and because of that taxpayers could be on the hook again if the large banks run into trouble.

That being said, Occupy Wall Street seems to have been hijacked by a fringe element with recent reports of violence, public nudity and drug use occurring in New York.

Here is some further information on the movement: Article

Questions Surrounding Gold

I have received more questions surrounding Gold over the past year and here is an article from the Wall Street Journal that I believe hits the nail on the head:

“No expert can definitively tell whether gold is over- or undervalued, in a bubble or in a slump. So, over the years, investors and central banks have bought gold for wildly different reasons: as a hedge against inflation, an alternative to the dollar as a store of value, a blanket coverage against all of the world’s ills or a pure speculative play.”

For the full article click here.