The dilemma of climate change is the prisoner's dilemma

  We show, with the help of an excursion into game theory, why it is so difficult to reach a cooperative solution among all nations regarding “climate change and environmental protection”. We venture a prognosis on whether and how climate change could work.   Climate change imposes significant costs on all of humanity The lion’s share of these costs is not borne by…


Silver - Part 4

Which strategies work in the silver and gold markets?   In the fourth part of the article, we show which strategy achieved a better return than a classic “buy and hold” approach. While the third article dealt with moving-average based strategies, the fourth part examines strategies based on momentum and valuation. It shows that the stationarity of the gold-silver ratio (GSR)…


Silver - Part 3

When should you be invested in silver or gold?   In the 3rd part of this series of articles on silver we try to examine simple investment strategies. It turns out that using the gold-silver ratio (GSR) is not very suitable for applying simple moving-average strategies. Instead of using them for investment decisions, it was better in the past to “simply” buy and hold.  …


Silver - Part 2

A brief history of the gold-silver exchange ratio   In the first part of this blog series, we had seen that silver had various applications in the real economy for centuries due to its unique and special chemical properties (greatest electrical conductivity, high sensitivity to light, inertness, antibacterial effect). In the second part of this article, we will start to look at the role of…


Silver - Part 1

Silver, serving plates, climate change, Joe Biden and the FED   The blog post series Silver would like to take you on an entertaining journey into the world of precious metals and “the little man’s gold”. The first article is the aperitif, the appetiser that should whet your appetite for more. You may learn some interesting facts about silver that you did not know yet.…