3min chapter

Money For the Rest of Us cover image

The Long-term Bullish Case for Gold

Money For the Rest of Us

CHAPTER

The Importance of Gold Investing

Gold investing is about protecting wealth against the growing mismatch between paper claims like stocks and bonds and productive output as measured by GDP. This financialization shows up the most in increased leverage in the system. The total world, public and private non-financial debt has risen from 210% of GDP to 250%. And so we are progressively seeing more and more debt and the debt's getting more complicated.

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