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It’s the dagger you don’t see that kills a bull market

Post author By Gold News Club
Post date March 4, 2020

Bloomberg/Joe Nocera/3-2-2020

photo of single black swan swimming on lake “The greatest risks, [Nassim NIcholas Taleb] believes, aren’t the ones you can see and measure but the ones you can’t see and therefore can’t measure. But I think another factor is at play, which is the complacency that comes from living in a period that makes you forget that times were not always like this one.”

USAGOLD note: Sometimes the black swan exposes, even releases, other dangers that have been lying in wait. Perhaps, as many have suggested, that is the case with the coronavirus – perhaps not. Time will tell. On the complacency issue, we are reminded of Benjamin Franklin’s maxim – “By failing to prepare you are preparing to fail.”

Gold

Post author By Gold News Club
Post date March 4, 2020

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The Power of Gold Diversification
“Although it is needed in good times, it can be vital when times are difficult.”

photo of Sir Peter Tapsell speaking before Parliament

This short article begins with reference to a speech by Sir Peter Tapsell on the merits of gold ownership before the House of Commons in 1999. The occasion was Britain’s proposed sale of over half of its gold reserves at under $300 per ounce. It ends by comparing the performance of two investment portfolios from the time of that speech to present. One portfolio – the more successful of the two – included a diversification with gold; the other did not. Sir Tapsell, who passed away in 2018, lived to see his defense of gold vindicated. Though his argument before the House of Commons failed to stop the sales, it goes down as one of the most eloquent appeals ever made on the merits of gold ownership for nation-states and individuals alike.

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Important! – Gold’s Century: While stocks dominated headlines, gold quietly performed

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Gold