Which raises a number of deep and disturbing issues. If you always
\nend up where you ought to be, why strive to go anywhere at all? Won’t
\nyou still get where you were supposed to go? Surely, that wouldn’t work.<\/p>\n
You have to try to get somewhere in life. If you don’t, you’ll never
\nget anywhere. If you don’t try to get anywhere, of course, you’re not
\nlikely to get anywhere. And then, nowhere is where you ought to be…
\nbut not where you want to be.<\/p>\n
Are you following us, dear reader?<\/p>\n
No matter.<\/p>\n
In her competition on Sunday, Elizabeth won a blue ribbon.
\n“Eventing” it is called, with three parts: cross country, dressage and
\njumping. Elizabeth won the blue ribbon because she worked on her riding
\nfor many years. Had she not striven she would not have won. In the
\nwinner’s box would be where she ought not be.<\/p>\n
Effort pays off. But that doesn’t mean you always get where you want to go.<\/p>\n
That is true in investing, too. You don’t always get what you want,
\nbut you always end up with what you ought to get. That is, you get what
\nyou deserve.<\/p>\n
What’s Up With Gold?<\/h3>\n
Last week, stocks bounced around getting nowhere. But on Friday, gold sank… and seems to be heading below $1,600\/oz.<\/p>\n
Uh oh! How come, if central banks<\/a><\/strong> Apparently not.<\/p>\n Which merely makes the question marks bigger. Is there something wrong with our theory? Does printing press money NOT cause consumer<\/a><\/strong> price inflation? Is there something else important going on?<\/p>\n Thinking hard about these questions does not guarantee success. It Still, yesterday was a national holiday. We didn’t think about it Aiken is a horse town. It’s warm in the winter months and not too Sissy showed us where the Whitneys and the Graces lived. She showed We saw the tunnel of live oak trees over East Boundary Street… and the new theater.<\/p>\n “This used to be cotton fields, when I was a child,” she explained.<\/p>\n “My people worked in the textile mills,” she said, pointing out the “I’ve seen a lot of changes in this town. And now look at all these Regards,<\/p>\n Bill<\/p>\n
\nare flooding the world with cash and credit, gold does not rise? Does
\nnot gold anticipate inflation? Aren’t investors — especially the
\ncentral banks themselves — accumulating gold to protect themselves
\nfrom the degradation and degeneration of their money?<\/p>\n
\nonly guarantees that we will not DESERVE to lose money… which is the
\nbest we can do.<\/p>\nBack in the Carolinas…<\/h3>\n
\ntoo much. And we weren’t in Paris. We weren’t in Manhattan or London.
\nWe were in the Carolinas… and Sissy was just being friendly.<\/p>\n
\nhot in the summer. It attracts sportsmen from the northern states,
\nincluding those from Maryland. Back at the turn of the century, rich
\npeople came down on the train from New York and built mansions. They
\nestablished horse trails… parks… and elegant hotels.<\/p>\n
\nus the court tennis building (one of the oldest in the country) and the
\nnew train station (rebuilt on the old model).<\/p>\n
\nmodest house where she was raised. “I met my husband in high school.
\nHis family had a family that went back to the original land grant.<\/p>\n
\n‘for sale’ signs. We got hit hard by the financial crisis. It could
\ntake years to recover… and maybe it will never be the same.”<\/p>\n![\"Bill](\"https:\/\/www.insidersstrategygroup.com\/images\/web\/bbonner-sig.gif\" "\\"Bill")
<\/p>\n