Gold, Silver & The Fallout Of Continued Chaos In Key Markets
May 28, 2013
As we emerge from the Memorial Day Holiday in the United States, today 40-year veteran, Robert Fitzwilson, wrote the following extraordinary piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, discusses the continued chaos and uncertainty in global markets as well as what investors should focus on in this environment. He also writes about how an uncertain future impacts both investors and fund managers.
Below is Fitzwilson’s exclusive piece for KWN:
Fitzwilson: “Alan Kay is one of the most brilliant computer scientists of all time. Very few people have not been impacted by his mind and creativity during the last half century. Graphical user interfaces and overlapping windows on computers are just a few of his noteworthy contributions.
He is also known for a famous quote. Reflecting on the future, he said “the best way to predict the future is to invent it”. He is, of course, referring to the contributions to the future derived from his inventions. It can equally be used to explain the oddities encountered when pondering economies and financial markets.
Central banks and countries have taken Dr. Kay’s advice to heart and have succeeded in inventing a future that has made both running businesses and the task of investing very difficult. Instead of billions of invisible hands making decisions through economic interaction, we have an increasingly shrinking minority making the crucial decisions for everyone else….