Black Swan Insights

Showing posts with label Gold Euro EU Debt Crisis Forex Reserves Emerging Markets Industrialized Contries Economy US Dollar USD. Show all posts

In Gold Emerging Countries Trust

Deutsche Bank has a great piece about forex reserves and the EU debt crisis. It noted that while the Euro has held up surprisingly well, gold has been the major beneficiary, especially among emerging economies. Industrialized countries, however, have reduced their gold reserves. This reveals the differing philosophies of industrialized nations as compared to those of the emerging counties. Industrialized countries trust fiat paper money, and emerging nations trust gold as the ultimate reserve currency.

Black Swan Insights

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Words of Wisdom from Leonardo da Vinci

1. I have been impressed with the urgency of doing. Knowing is not enough; we must apply. Being willing is not enough; we must do.

2.Simplicity is the ultimate sophistication.

3.Life well spent is long.

4.Life is pretty simple: You do some stuff. Most fails. Some works. You do more of what works. If it works big, others quickly copy it. Then you do something else. The trick is the doing something else.

5. Marriage is like putting your hand into a bag of snakes in the hope of pulling out an eel.