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 …
People behave in curious ways. And human behavior when buying gold is no exception. But before we focus on gold, let’s take a look at when and why people buy just about anything. Look back to the tech bubble of the late 90s. Smart investors jumped in early. Amateur investors kept on buying as technology …
For generations people have hoarded cash in times of economic uncertainty. For some that has meant hoarding cash in their bank accounts, while others have taken the more literal route and have stashed bank notes under their mattresses or in shoe boxes. Why do people hoard cash? It’s about feeling safe and prepared. The cash …
Is there anything unusual about central banks buying gold? Historically, if you go back far enough, no. In fact, the gold that central banks used to store in their vaults was the physical security they held for the paper money they printed and put into circulation. But for almost a generation now, central banks …