Nothing beats a little cash in a bear market, of course, and the oldest form of cash is gold.
James GrantThe 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s.
James GrantCentral banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it.
James Grant