Throughout recorded history, true money has been defined as a tangible item accepted for exchange and considered to have value.
Part 1: Why Own Physical Gold?
As opposed to our usual format of discussing a hypothetical scenario, we thought an article along the lines of “An Intro to Gold Buying” might be in order. Both novices and sophisticated investors can benefit from a review of the basics. The following is a list, in no particular order, of some but not all of the reasons to purchase tangible gold.
This past March, China launched trading of the yuan-denominated crude oil futures contracts. These are the first futures that have been listed on China’s mainland to overseas investors.
Hundreds of years ago, early economists were puzzled by a quirk in pricing: why do some non-essential goods cost so much while truly essential goods cost so little? As an example, why are water and grain so cheap when they are so vital for human survival? Why are gold and diamonds so expensive when neither is a necessity?
Many of you are very familiar with the late Jack Kemp (1935-2009) whether it’s from his several terms as a local Congressman or from his tenure as quarterback for the Buffalo Bills.
Recently lawmakers in Idaho and Arizona have passed bills removing Capital Gains Taxes from transactions involving gold and silver bullion.
Government bureaucrats, central bankers, and Wall Street executives all have reasons for ridding the masses of their cash. It should be no surprise to anyone that they are working together to achieve that goal. But why? The self interest of bureaucrats is one factor, they don’t like privacy. They dream of the day when they can access all your financial information with just a few keystrokes. The knowledge will help them more aggressively tax and regulate.
Grant Williams’ presentation from Mines & Money in London in December 2016. A follow-up to Nobody Cares which focuses on gold’s performance in 2016, the reaction to Donald Trump’s election and joins a series of dots that may lead to the end of the petrodollar system and a new place for gold in the global monetary system.