John T. Reed’s news blog

FreedomFest head Mark Skousen recently wrote about gold as an inflation hedge. I sent him this email: . You should read my web article https://johntreed.com/.../60940227-disadvantages-of-gold..... A couple of points: A. Gold is not a good inflation hedge because it’s gold, but rather because it is a commodity. A diversified portfolio of durable commodities like junk silver, current US nickels or pennies, gold coins, etc. should be better than gold because of the anti-gold discrimination points in my web article. Also, I recommend taking delivery of coins, not buying options or mining company stock. Gold must be kept OUTSIDE of the...

There is another op-ed in today’s WSJ about how bad the hyperinflation danger is: ‘We Aren’t Ready for A Financial Crisis’ by Howard Adler. . It says what I keep saying. We must cut federal spending. The trouble with all the WSJ op-eds saying this is that is where they stop. . I add, the politicians will never do that, so you have to take care of yourself. The writers in the WSJ are acting like they are think tank guys, and many are. They write as if the President and Congress were interested in what they say and likely...

We have an interesting high school football situation here in CA. We are too big to have a state championship tournament. 40M people—more than Canada. . They used to just have regional championships. My son Dan's team won his, North Coast, 40-0 in 1998. He scored 26 points. His QB was Ken Dorsey who went on to win the college national championship at Miami. He is now OC at the Bill's. But Ken could not do much passing in that NCS game. It was raining sideways and freezing. . 12 miles from my house is De La Salle High School,...

Years ago we noticed that there was increased purchase of my SUCCEEDING book before Christmas and during May graduation season. The 3rd edition of that book in now available. I also have 10 COACHING books—8 football and 2 baseball. If you know a coach who was unhappy with his team’s recent performance, the many testimonials I have at my web site prove that his reading one of those books can produce a miraculous improvement in his next season team. INFLATION is the main concern of Americans at present. I have THE gift for that—my How to Protect Your Life Savings...

Today is the day they used to play the Army-Navy Game “in my day” (’64-’68) and before. And it was one of the biggest football games of the year then. NCAA was still more popular than NFL then (pre-superbowl). Now, it is sort of a post-season, pre-bowl season exhibition game. . In recent years, they were forced to move the Army-Navy Game back into December because today is important rivalry day and neither Army nor Navy are important anymore in NCAA football. Army will probably be 5-6 after today’s likely win over U Mass (ranked 131 out of 131). I...