An idea for the international investor
The best unit-of-account?
I have long argued for consolidating assets and liabilities also on a personal level, just as businesses do, into one single unit-of-account (or into several). Here’s the best way I have found, and it’s free. See the link to my latest article below.
Dr. Marc Faber is one famous investor using this idea, listen to him here, http://www.youtube.com/watch?v=59f0cA1WuZM.
Gold as Unit-of-Account safehaven.com
What’s the single most important financial knowledge that seems to have been lost today? After having studied the great economists of all times, we’d say it’s the fact that money has to have a value in itself to serve us well.