Buying gold
If gold isn’t money, why do Central Banks hold so much of it?
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 …
In a world of negative interest rates, gold recovers a lot of its shine.
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. …
Of all forms of real, tangible wealth, gold still rules.
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 …
Warning: Why owning gold will soon be banned.
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, …
The bittersweet prospect of gold prices jumping to the moon.
2016 has gotten off to a rocky start. Global equity markets are on shaky ground, triggered by chaos and huge declines in the Chinese markets. The “war factor” is hitting the red zone, with ongoing conflicts in Syria and Iraq, and some nasty and potentially very dangerous posturing between Iran and Saudi Arabia. Not to …
