Financially Forward: Gerald Harris

Years ago, a longtime resident of Manhattan was baffled as to why numerous young people were moving there, despite the exorbitant rents they would have to pay.  Moreover, they could easily have rented larger apartments in the outer boroughs for less money.  One day, his curiosity got the better of him and he approached one of these young people.  “Excuse me,” he said. “Please tell me why so many young people want to live in Manhattan?  What’s so great about living there?” 

It doesn’t have the glitter of gold, the appeal of options, or the excitement of crypto, but silver has other important lures.  And if market commentators are correct, investors could start focusing on those soon enough, and when they do, a bull market in silver will be underway.  After years of taking a back seat to other investments, is silver finally going to get respect from Wall Street?  

Business news is breaking practically non-stop as Pres. Trump and Elon Musk tighten their grip on the economy and set in motion their vision to improve it.  As they do, many investors are focusing on a related issue: Is there still gold in Fort Knox?

To say that New York’s subways are falling apart is true, but not totally accurate.  A more precise description would be that it’s still falling apart.  Better yet, not only is it falling apart, but the descent is accelerating.   

On Feb. 9, Pres. Trump instructed the Treasury to stop producing new pennies.  This didn’t surprise anyone because rumors about the penny’s demise have been circulating for years.  Nor did it upset anyone, because many people have been hoping for this. 

It’s very easy to get the impression that our political leaders don’t know how to manage money.  After all, the deficit is soaring, the national debt is staggering, inflation refuses to be tamed, and things have been getting worse for decades.  But this is true when leaders manage OPM – other people’s money.  They’re quite savvy when managing their own.