{"id":47797,"date":"2018-03-17T06:47:42","date_gmt":"2018-03-17T13:47:42","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=47797"},"modified":"2018-03-20T05:05:30","modified_gmt":"2018-03-20T12:05:30","slug":"black-coffee-17-march-2018","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id47797-black-coffee-17-march-2018.html","title":{"rendered":"Black Coffee: Fools, Gold, and Fool’s Gold"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe<\/em> …<\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

Okay, away we go …<\/p>\n

“Gold all is not that doth golden seem.”<\/em><\/p><\/blockquote>\n

— Edmund Spenser<\/strong><\/p>\n

“In levying taxes and in shearing sheep it is well to stop when you get down to the skin.”<\/em><\/p><\/blockquote>\n

— Austin O’Malley<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Credit:<\/strong><\/span> In yet another sign of eroding trust — and faith in the dollar-based monetary system — the Hungarian National Bank has decided to repatriate Hungary’s gold reserves<\/a>, joining Germany<\/a>, the Netherlands<\/a>, Belgium<\/a> and Austria<\/a>, among others. Hungary will be removing three tons of the yellow metal it now stores in London. For some reason, Hungary seems to think gold is money par excellence, unlike some<\/em> people:<\/p>\n