Posh Pawnshops Lend to Cash-Strapped Rich

Pawnshops are emerging that lend money to cash-poor consumers with pricey collateral. If you’ve got a cash-flow problem and a rare Picasso painting lying around your house, you’re in luck. A growing niche of high-end pawnshops wants your business....

Precious Metals: Equities vs. Metals Themselves

I’ve made the case that owning gold could be a good alternative asset as a part of a portfolio, but how does owning gold compare to owning precious metals equities (PMEs)? As can be seen in the graph taken from William Bernstein’s book, Skating Where the Puck...