May 27, 2018

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Metals or Paper for Long-Term Asset Value

Gold Investment

Gold Investment

Gold has made idiots of the Swiss, French, Dutch, Portuguese and British central bankers, who sold off 2,671 tons of their holdings at low prices between 2000 and 2009. And of mainstream fund managers who have shunned the asset for decades, misquoting economist John Maynard Keynes as dismissing it as “a barbarous relic” (he was writing in 1924 about the gold standard, not about gold itself). [Read more…]