---
title: "Gifts, Graphs and Gold"
url: https://independentstockanalysis.com/gifts-graphs-and-gold/
description: "Gifts for the Financially Inclined (I received the Zimbabwe bills two years ago.) Perhaps an Independent Stock Analysis membership would be a good…"
published: 2012-12-08
updated: 2012-12-08
---

# Gifts, Graphs and Gold

Published 2012-12-08

Posted on

by

J.J. Butler

[Gifts for the Financially Inclined](http://online.wsj.com/article/SB10001424127887323852904578129270749195406.html) (I received the Zimbabwe bills two years ago.) Perhaps an *Independent Stock Analysis* [membership](https://independentstockanalysis.com/membership/?s2-ssl=yes) would be a good self-gift. The Science Behind Gifting ([WSJ](http://online.wsj.com/article/SB10001424127887324020804578151873737238966.html)).

Lunch with Warren Buffet at the [New Yorker](http://www.newyorker.com/talk/financial/2012/12/10/121210ta_talk_surowiecki?mbid=social_retweet).

*Sandler calls GOOG “one of the most compelling investment ideas we have ever seen”…the company’s large moat in internet search…”Google is still growing revenue at 25% per year in large part due to continued improvements Google is making to the product and the ongoing secular shift of advertising from offline to online…Google trades 10-11x our estimate of economic earnings for 2013 (ex-cash and after stock compensation expense), a staggeringly cheap multiple for a company that is growing as quickly and is as well positioned for the future as Google.”* [Market Folly](http://www.marketfolly.com/2012/09/eminence-capital-bullish-on-google-q2.html)

DB’s bullish case for gold at [Sober Look](http://soberlook.com/2012/12/dbs-bullish-case-for-gold.html). Research Shows ALL Paper Money Systems Failed at [GSW](http://goldsilverworlds.com/gold-silver-insights/research-shows-all-paper-money-systems-failed/). The Goldman call was behind this week’s gold price swoon ([KWN](http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/5_Rosen_-_Goldman_Sachs_Call_Ridiculous%2C_Gold_Ready_To_Rocket.html)).

Danger Lurks Inside the Bond Boom: “Amid Corporate-Borrowing Bonanza, Some Money Managers Warn of Little Room Left for Gains” at the [WSJ](http://online.wsj.com/article/SB10001424127887323316804578163750330257198.html?mod=googlenews_wsj). Royal Dutch Shell’s 5% Dividend Yield (Part 1): Beats Junk Bonds at [Ycharts](http://ycharts.com/analysis/story/royal_dutch_shells_5_dividend_yield_part_1_beats_junk_bonds?utm_medium=email&utm_campaign=YCharts+Analysis+Digest+XOM+WMT+RDSB+RDSA+CVS+COST+ESRX+LVS+-+Non-Pro+-+DIGEST&utm_content=YCharts+Analysis+Digest+XOM+WMT+RDSB+RDSA+CVS+COST+ESRX+LVS+-+Non-Pro+-+DIGEST+CID_3e0bb079cd681d89fd0e280faf98618f&utm_source=email&utm_term=Royal%20Dutch%20Shells%205%20Dividend%20Yield%20Part%201%20Beats%20Junk%20Bonds).

Looming Crisis: State Budgets Soon to Be Under Siege by [Mauldin](http://www.mauldineconomics.com/images/uploads/pdf/OTB121207_2.pdf).

Government debt is replacing private sector debt: “Americans are whittling down their debt. Outstanding debt held by households and nonprofits — including mortgages, student loans, auto loans and credit cards — was equivalent to 112.7% of disposable income at the end of September, compared with 116.4% a year earlier and a peak of 134.4% in 2007. Consumers are both paying off debts and seeing their after-tax incomes rise modestly.”

****:

The artificial piece of the housing recovery: