When’s the best time to invest in something? When everyone else is trying to get their money out of it. It might go against conventional thinking, but following the crowd usually makes you miss the real opportunities. At one monetary metal conference recently, the smartest guys in the industry sat down to discuss where these real hidden gems lay.
There stand two broad schools of thought: those who believe in state control of one or many aspects of the social order and those who believe in laissez-faire, that is, that attempts at state control are counterproductive to the cause of prosperity, justice, peace and the building of the civilized life. Laissez-faire says that the artists, merchants, philanthropists, entrepreneurs, investors, and property owners — and not the cartelizing thugs of the state — ought to be permitted to drive the course of history.