Owning gold is about creating a long-term safe haven for a proportion of your wealth.
It is about possessing gold coins or bars as a physical asset, outside of the banking system, and far from the prying eyes and grasp of governments agencies.
Investors hear the same narrative time and time again: Gold isn’t money. We’re told that in today’s global, digital marketplace, gold no longer has a place or a role to play. This narrative sounds reasonable. After all, we live in an age where we do our banking online and can even pay for our groceries … Continue reading..
I wrote recently about how governments around the world are waging war on cash. This war has too fronts. The first involves phasing out high denomination banknotes, like the $100 bill and the 500 euro note. The second involves banning cash transactions over a certain level. But now there is a third front opening up. … Continue reading..
Most of us love the fact that we can get cash from an ATM machine, and don’t have to line up in the bank and get money direct from the teller. And more and more of us now have apps on our phones that allow us to check our balances, transfer funds and even make … Continue reading..
Let’s say you want to keep some of your money outside of the banking system. And there are plenty of good reasons to do that. In a world where more and more finance, investing and day-to-day transactions are conducted digitally, we would do well to be concerned about the security of our money. In a … Continue reading..
There is a move by governments to move all financial transactions to the digital world. The first step in that direction is to ban cash. More specifically, to ban high denomination banknotes. To that end, the European Central Bank is talking about phasing out the 500 euro note. And former US Treasury Secretary, Larry Summers, … Continue reading..