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WP/James Burton/7-9-2020
“Gold, in the end, is the sort of millennia proven way to hedge against some of this new math – the financial engineering, money printing and assault on fiat currencies – and a zero-rate environment makes that easier. Gold has always competed with other yield-producing instruments and assets – and now there isn’t much competition because you’re looking at negative real yields, and even negative nominal yields, around the world.”
USAGOLD note: Many professional money managers see gold as a hedge against the excesses of financial engineering. Horizon ETF’s Hans Albrecht (quoted above) says its the difference between the ‘old math’ and the ‘new math’ and that you cannot print the ‘old math’, i.e. gold.
Image courtesy of Gold-Eagle