Past Midway Ramblings on Business & Life

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4 weeks ago

Gold. Lots of Gold.

By Andy Jones
In Uncategorized
4 weeks ago
03March

The U.S. Treasury (plus the Fed) holds a lot of gold. I was curious about this, so I looked into it… so you don’t have to. How Much is a Lot? The U.S. Treasury currently holds 261 million Fine Troy Ounces of Gold (261,498,926 to be exact). The book value for this gold is recorded as $11 billion. If you’re not familiar with accounting, book value is NOT market value. Dividing $11 billion by the...

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March 28, 2020

CARES Act – a Comprehensive Summary

By Andy Jones
In Uncategorized
March 28, 2020
28March

When possible, I prefer to read original source documents for my research, rather than summarizing secondary or tertiary sources. Consequently, I read the entire 880-page Senate amendments to the CARES Act yesterday and today. I made summary bullet points as I read. Accidentally, this became a 7-page condensed version with 175 succinct points, a line-by-line accounting of where the money is...

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Past Midway Ramblings on Business & Life

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