Light Reading & Interviews
Can gold be considered money? We take an in-depth look at this question, survey its history and come to an interesting conclusion.
It seems like the fuse gets shorter and shorter between each crisis and we barely get a chance to catch our breath. Everyone is on a quest for a Holy Grail called “Safe Haven,” as if it were a destination, and if only we had the right map. Is gold’s reputation as a safe haven justified? We look into the matter.
We like to pay close attention to currencies and to the multi-front currency war because of the effect on gold. Unlike fiat currencies gold can’t be printed at will and its scarcity is dictated by nature rather than by politicians.
Making long-term predictions about the markets takes courage and even a broken clock is right twice a day. So far, the big shots that don't like gold are eating their hats, while we are laughing all the way to the bank.
Nick Barisheff founded Bullion Management Group Inc. in 1997, and is the portfolio manager of BMG BullionFund, Canada’s only open-ended fund investing purely in gold, silver, and platinum bullion. He uses his understanding of the precious metals markets to develop investment strategies, products and services for clients looking to integrate bullion into their portfolio. Sunshine Profits interviewed him recently.
Douglas French is president of the Mises Institute and author of Early Speculative Bubbles & Increases in the Money Supply and Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from the University of Nevada, Las Vegas, under Murray Rothbard with Professor Hans-Hermann Hoppe serving on his thesis committee. French teaches in the Mises Academy.
Is gold a bubble? We examine the history of bubbles and conclude that although there is a bubble, it’s not in gold. The real bubble is in the creation of fiat currencies, the Fed’s relentless printing press. And when that bubble bursts you’ll be glad you are holding gold.
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