January 2011

Socially Responsible Investing: A Small Step Toward a Better World

Impact investing, if pursued on a large scale, could become the next best thing to a sweeping overhaul of capitalism’s financial architecture. Nonetheless, neither socially responsible investing (in general) or impact investing (in particular) is a suitable substitute for redesigning the entire Wall Street system. Investors in the U.S.A. and abroad should pay attention to socially responsible investing, positive investing, impact investing and other financial accountability initiatives while moving forward with plans to redesign how we capitalize public ownership of business and industry.

Gold, Silver and Stocks: What does the New Year Hold?

Do precious metal prices reflect economic fundamentals or perceptions of price trend prospects? Silver sells around $30 an ounce and is near a 30-year high. Gold sells for more than $1,400 an ounce. Can gold and silver double from here, with silver already selling for more than five times typical producer costs? (Yes, the prices can double, but not likely.) Just what were J.P. Morgan analysts thinking in June 2010 when, with silver around $18 an ounce, they gave a long-term silver price forecast of $13 an ounce? Were they trying to turn the market?