Showing posts with label Stack Up. Show all posts
Showing posts with label Stack Up. Show all posts

Saturday, February 14, 2015

How the Fed Presidents’ Assets Stack Up

Federal Reserve Bank presidents and governors are often deservedly portrayed as anti-gold proponents (at least while they are in office) due to their official mandate to support a strong dollar policy (and unofficial mandate to suppress precious metals).  For the alert, check out Dallas Fed President Richard Fisher's portfolio.  It belongs in the "do as I do, not as I say category."

On the contrary, Fisher's hawkish tone often is the lone dissenting voice against a dovish Fed stance.  so Fisher talks the talk, and actually walks the walk.

http://economix.blogs.nytimes.com/2012/01/31/how-the-fed-presidents-assets-stack-up/
Mr. Fisher, a constant siren on the subject of inflation, owns at least $1 million in gold, and smaller quantities of platinum and uranium, popular investments for those who fear inflation.