Baltimore — I admit that I probably spend more time discussing the realm of politics than I should in a contrarian investing newsletter. But in my defense, politics play a larger role in our personal wealth now than they ever have before.

But while I so stubbornly poke holes in the political machine in Washington, I must avoid being hypocritical. If I shame our legislators for disregarding the democratic keystone principals of checks and balances, I must be careful to avoid the same pitfalls.

The Chinese government is telling people gold and silver are good investments that will safeguard their wealth. After last year’s meltdown in the stock market, people believe it. After all, Chinese citizens don’t receive government retirement money… and they don’t have company pension plans like people in many other countries do.