The price of gold is about economic conditions around the world. To understand the price of gold, we have to understand money.
You cannot just pack up a gold mine when trouble starts. New political regimes, new laws, heavier taxes and wars have all destroyed mining companies in the past.
Gold has always been subject to speculative frenzies, of course. But never has the market been subjected to such extremes of buying and selling.
Gold is the one natural resource that confounds most investors. That unpredictability makes investing in gold miners even more difficult.
I’ve noticed that many folks assume gold to be money. It isn’t … and that makes an enormous difference when it comes to wealth management strategies…
We seem to have forgotten about gold in the U.S., where we saw a 46% decline in bullion coin sales this year. But in the U.K. they can’t buy enough of the stuff.
Gold is an investment linked to crisis. Gold buyers are telling us they’re worried. Political risks dominate Europe … and investors are turning to gold.
There is a natural hedge for a falling U.S. dollar, and, if you haven’t already, it’s high time you took a closer look at investing in gold.
Gold can be a fantastic hedge against inflation, geopolitical uncertainty, irresponsible banks, the Federal Reserve and even many black swan events.