Reuters/Video Interview/7-6-2020
“Gold prices are near an 8-year high but investors should keep adding exposure to the precious metal, that’s the advice of Clear Harbor Asset Management CEO Aaron Kennon.”
USAGOLD note: We once estimated that the price of gold reached over 100 billion marks per ounce during the 1920s nightmare German inflation having started in 1918 at 119 marks per ounce. Caveat venditor – Let the seller beware! It’s all a matter of currency value. As pictured, currency denominations went from 20 marks to 20 million marks on roughly the same piece of paper – same intrinsic value – in a few short years. A 20 mark gold coin, on the other hand, bought roughly the same amount of groceries in 1923 that it did in 1918.
