Benefiting from the devaluation of money via gold and silver...
Ever since the end of the gold standard in 1971, governments have been able to print money at will, and they have done so, in some instances, with abandon. Gold and Silver, as the legacy form of independent money, have risen accordingly. Gold is among the most widely traded forms of money in the world to this day, and a key reserve asset of central banks, which hold it both for trade and in case of a currency crisis.
Since 2008 and especially during the pandemic, money printing went almost vertical. Many major world governments finances are, by their own reckoning, on an unsustainable path, which if not corrected may lead to massive inflation or worse.
Gold is the hedge par excellence for that scenario and its price has reacted accordingly, handily outperforming most assets so far this century. Our expectation is a continued rise, and this thesis bucket also represents a form of insurance against all the financial assets held elsewhere in the portfolio.
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