Gold As A Currency, A Commodity, Or Both?

Some people like having commodities as part of their asset allocation. For them it makes sense: they are already divested in securities and want to further diversify into alternative investments. Gold in Portfolios Gold has had a special place in portfolios since the dawn of time.  However, many people identify it solely as a commodity, […]

Confusing Working Assets With Personal Use Assets

It seems weird to think about it now, but people used to buy houses with no inspection.  It was common to make an offer for more than it was worth, and you likely had competition for the house. Houses Are Personal Why? Because they are a personal use asset and not a working asset. A […]