CHAPTER 2Risk-Minimal Trade Construction: Treasuries Since 1798 and Gold
As long as human societies have been complex enough to store wealth and mine shiny metals, gold has been a friend to humankind. Gold has been on a good bull run for a decade now, starting even before the year 2000. Gold will persist in being a good trade because the most powerful central bank in the world wants inflation. Ultimately, when the Fed wants something in its power to affect, it gets it. However, the U.S. government, insofar as it represents the interests of wealthy insiders who do not want to take massive haircuts, has sufficient political will to keep it from going too far. Hopefully.
Gold (and other commodities) are doing well in the uncertainty. Because current ...
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