Swiss Economicblogs.org
James Rickards holds a gold bar in a vault near Zurich, Switzerland. The bar is a so-called LBMA “good delivery” bar which weigh 400 ounces (over 99.9% purity), and is worth about $700,000 at current market prices. In 1971 it was worth $14,000. ◆ WHY GOLD? That’s a question I’m asked frequently. It’s usually followed by a comment along the lines of, “I don’t get it. It’s just a shiny rock. People dig it out of the ground and then put it back in the ground. What’s the...
Read More »Why Gold Is Safe Haven Money And Will Go Over $3,000/oz
