Gold Reserves on the Decline
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
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Is There an Alternative to Gold?
The price action we're enjoying right now in gold, and have for the last couple of years, is being driven by two factors. Hone is this declining supply. And on a real basis, for sure, given where inflation is, we have negative real interest rates on sovereign debt. So there's no opportunity cost in gold to day. It is the one financial instrument, monetary instrument, that doesn't yield anything. But when sovereignte as yielding negative on real basis, gold is not as great place to porcure capital in its very finite in quantity. Iis the undermining a currencies is going on with printingwith reckless abandon by central banks globally,. debasing their currencies too
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