Money

Wednesday, December 1, 2010

Gold, Silver and the Fear Factor - CNBC

Gold [GCC1 1388.4

3.40 (+0.25%)

] and silver [SIC1 28.455

0.27 (+0.96%)

]continue to confound the naysayers, moving higher along with the U.S. dollar as investors flock to so-called safe haven investments.

Taking the pulse of the market, the overriding theme is fear of the crisis in Europe—here is some of the commentary:

Citing concerns about sovereign risk in Europe and the stand-off in Korea, Rohit Savant, Sr. Commodity Analyst at CPM Group says investors are buying "gold, silver, platinum in that order". And while there might be some profit taking into a rally, he says investors see sell-offs as buying opportunities.

Wednesday, November 24, 2010

Americans Are Horribly Misinformed About Who Has Money

Americans have a really distorted view of how wealth is distributed in this country.

This chart is from a paper called "Building a Better America One Wealth Quintile at a Time" by Dan Ariely and Michael I. Norton.

The top row shows the actual distribution of wealth in America. The richest 20 percent, represented by that blue line, has about 85 percent of the wealth. The next richest 20 percent, represented by that red line, has about 10 percent of the wealth. And the remaining three-fifths of America shares a tiny sliver of the country's wealth.

Below that, the "Estimated" rows show how different groups think wealth is distributed. As you can see, in people's misinformed minds things are much more equitable.

http://www.good.is/post/americans-are-horribly-misinformed-about-who-has-money/