Monthly Archives: March 2014

“That doesn’t mean that I’m selling any of my own holdings of physical gold and silver coins and bullion. Far from it. I’d welcome yet another opportunity to scale into more physical gold if there were to be another near-term crash in its prices. I plan to own my own physical gold basically for the next 10 to 50 years. Let’s discuss…

We know that the developed world’s governments here and around the world are actively engaging in broad-reaching currency wars, mostly trying to keep their currencies weak in the name of spurring export growth and helping transnational conglomerates maximize their reported earnings. We know that the Fed is in way uncharted (and frankly, un-”chartered“) territory using all kinds of tools like 0% interest rates and QE and so on to artificially repress interest rates and force people to take on excess risk in search of yield.”

“Despite a significant price pullback mostly during 2013, gold has risen for most of the past decade on the back of growth in emerging markets, economic uncertainty, central-bank demand and constrained supply. Even so, gold remains a widely under-owned asset. Gold holdings account for 1% of all financial assets – a by-product both of its scarcity and the unprecedented growth in other financial assets. Further, gold’s low ownership rate stands in stark contrast to levels seen in past decades, as well as what research suggests optimal gold allocations should be.”