LOM Financial (Bermuda) Limited

Recovery after the last major financial crisis has been very diverse and uneven across all states and across different industries. All of which, however, may have been partly (or largely) affected by the United States' political environment. Bloomberg has an interesting article on this matter: The beginning of an explanation.   Photographer: Mike Theiss/National Geographic/Getty Images One of the conundrums of the recovery from the financial crisis is how varied it is and the diverse perceptions of it by different people in different parts of the U.S. All of this reminds me of John Godfrey Saxe’s wonderful poem, “The Blind Men and the Elephant.” In it, six blind men each touch and describe a different part of the animal. Their incomplete perspective makes it impossible to grasp the whole. The elephant analogy applies to a U.S. economy, where regional components are very different from, and often bear little resemblance to, one another. Attempts to draw b...

Even during the ancient times, physical gold has been a symbol of wealth and power. In fact, it was a recurring image of royalty in the histories of the world , from being the favored metal used to make ornaments and precious objects for the rulers of Egypt, to being the valued trading currency among many European, American, and Asian merchants. With physical gold’s successful run as a high-valued asset in the ancient economy, you should be wondering if the same story is still true today: Is gold still as precious as it was before? Should you include physical gold in your investment portfolio? Indeed, these are important questions that every wise investor who has never considered physical gold before should be asking. The truth is, physical gold has long been acknowledged as a valuable asset. In fact, it is still considered as the universal “money” in many countries because of its unique benefits not only to the economy but to its investors. Gold has also long ...