Any serious investor, analyst, or commentator on precious metals has, to my mind, stressed that these are a) useful in small doses and b) a long run asset whose performance needs to be evaluated over a long run…So lets do that. There is quite enough hype about PM without hysterical “we’re doomed/Its only a flesh wound” from the opposing camps
Disclosure : I do not own gold bullion or in other form. I do have a phd student part funded by the LBMA.
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