The gold bugs are right. Gold is an important asset that everybody should hold. And yet, the mainstream looks at these so-called gold bugs with derision. Let me tell you in an illustrative story.

If a new product improves on something by making it cheaper or faster, then there will be demand for that product. ETFs have made it cheaper and faster to make trades that involve more than just buying or selling a single stock.

This weekend I am thinking a lot about independence. Specifically, financial independence, Fed independence and labor independence. Let’s get into it...