by Axel G. Merk, Merk Investments
Gold Seek
By definition, Black Swans in financial markets are rare, extreme events. How do you survive, possibly even thrive when the unthinkable happens? Let’s evaluate the pros and cons of some Black Swan mitigation strategies:
Black Swan bets
Nassim Taleb’s best-selling “Black Swan” author has in the past suggested that he’s constantly taking small losses in hopes of a big payoff some-day.
— The Pro: if the payoff comes, you have bragging rights;