All That Glitters is Not Gold (A Cautionary Tale in Two Parts)

Part II Last week I wrote about my memorable-albeit-disagreeable encounter with one Daniel C. Leghorn in Bemelman's bar at New York's Carlyle hotel. It was there where, fortified ...

Standing Up to the Oligarchs

Much ink has been spilled scapegoating the various newfangled nerdy types known as "€œquants"€ for the financial apocalypse. As a journeyman member of the breed, I"€™m ...

All That Glitters is Not Gold (A Cautionary Tale in Two Parts)

Part I Following my recent tour of the Petropavlovsk gold project in Eastern Russia, I opted to return home by a somewhat circuitous route, spending two days in Haida Gwaii, off ...

Russians Mine for Gold and an Old Etonian Recalls the U.S.S.R of 1967

Looking back on it now, "€˜lunacy"€™ is the word that springs most readily to mind. It was Easter 1967. I was just sixteen and had signed up to go on a school trip to Russia ...

The Great Escape

"€œI wouldn"€™t like to go to prison,"€ said Gimlet. "€œThe idea is a very unpleasant one."€ I had to agree with him. "€œThe conditions are bleak and dispiriting, ...

The Fat Women by Igor Grabar, 1904.

Gimlet’s Gold

"€œLook at the size of those women!"€ exclaimed Gimlet as four enormous ladies waddled past the window. "€œThey ought to be ashamed of themselves. You would never have seen ...

The Congressional Effect

In times such as these, people everywhere are seeking investment advice.  Even my dentist was quizzing me on alternatives the last time I was in. In a broad sense, there is ...

The Girls Guide to (Buying and Selling) Diamonds

Beyond Benalmadena on Spain's famous Costa del Sol lies the town of Fuengirola. It is a sprawling commercial nightmare of a place, a tentacle of the once beautiful Torremolinos, ...

The Free Market: Uncool But Effective

When the Right wants to antagonize the Obamaniancs, they draw a picture of Batman's Joker with the word Socialist below it. This makes the Left particularly incredulous because ...

Will the PIGS Blow Up Europe?

Among the mega-forces moving the tectonic plates and imperiling the nation-states of the world from above and below are these: First, ethno-nationalism, which threatens nations ...

Betting on The Hollywood Stock Exchange? Better Play Roulette

I certainly don"€™t know much about investing, but I can give you one solid tip: don"€™t bet in the movie box office futures market. Wall Street firm Cantor Fitzgerald ...

The Big Business Myth

Would it surprise you to hear that the New York Times has managed an economics fail? Again? No, I suppose it probably wouldn’t but you will at least be interested in finding ...

Audit the Fed!

While Bush and McCain were “abandoning free-market principles to save the free-market system” by signing off on an $800 billion Wall Street Bailout, the Republican ...


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