Last month we described Treasury Inflation Protected Securities (TIPS). We recommended these securities for those investors who are concerned, in particular, with the potential for a loss in portfolio purchasing power due to unexpected price inflation, that is, the possibility that actual price inflation might exceed the inflation protection “built in” to the prices of …
The chorus of concern over projected federal deficits has grown louder in recent weeks. Warren Buffett sounded the alarm in a New York Times commentary in which he wrote that, “unchecked greenback emissions will certainly cause the purchasing power of currency to melt” and that the “dollar’s destiny lies with Congress”. In the August Ten …
Aug. 2009 – “Greenback Emissions” and a Cloudy Fiscal Forecast Read More »
“Gold should also have modern appeal in a world increasingly suspicious of central planning. The gold standard is an automatic mechanism, operated in a decentralized manner that coordinates the self-interest of all market participants. As such, gold is uniquely equipped to accommodate the greater sophistication and complexity that come with globally integrated markets. In contrast, …
The next time you encounter a “talking head” pontificating about “where investors should be during this phase of the business cycle,” reach for the remote. During recessions the financial media invariably fixate on whether recovery has begun and what that portends for investors. However, economic indicators in fact provide no information that is useful with …
Oct. 2009 – Economic Indicators, Tea Leaves, etc. Read More »
From time to time it falls upon us to pull away the punch bowl just when the party is in full swing. To that end we remind our readers that gold, now at an all time high, is by far the most volatile of our recommended asset classes. Our target allocations exist to ensure discipline, …
“Federal Reserve Chairman Alan Greenspan said the central bank is already developing plans for a world without Treasury securities and gave members of the bond industry something of a nudge to begin their own planning. . . . Mr. Greenspan expressed confidence that worker-productivity gains will continue, enabling the nation’s debts to be paid off …
2009 Investment Guide.log
If there was ever a year to test investors resolve, 2008 was it. A new year is upon us and with it comes a good deal of change. Many are fearful regarding the global economy and the future of capital markets. We hope that a restatement of our most fundamental convictions will provide an anchor …
During periods of distress in the capital markets we often hear from investors who, rather than hold a portion of their portfolios in common stocks, tell us they plan to hold cash, in order to “wait to see what will happen” and later “get back in when things are more certain.” We understand their apprehension …
Since last November’s election we have heard from many investors who are unnerved at the prospect of a socialist future. Indeed an enormous expansion of federal spending is underway and ambitious plans have been hatched for greater government involvement in healthcare, energy and in other sectors. Newsweek magazine recently went so far as to announce …
Mar. 2009 – Socialist Fears and the Stock Market Read More »
American Investment Services, Inc. (AIS) is an SEC Registered Investment Adviser* founded in 1978.
AIS is a wholly-owned subsidiary of:
*Registration with the U.S. Securities and Exchange Commission does not imply a certain level of skill or training.
The information provided does not constitute investment or tax advice and it should not be relied on as such. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor. It should not be considered a solicitation to buy or an offer to sell a security. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and AIS shall have no liability for decisions based on such information.
Any mention of commercial products or reference to commercial organizations is for information only; it does not imply recommendation or endorsement by AIS nor does it imply that the products mentioned are necessarily the best available for the purpose.