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The Long-term Bullish Case for Gold
Money For the Rest of Us
The Convenience of Digital Money
The amount of food $100 can purchase today will not be the same five years from now. It's a function of how much food is available in five years and how much money is outstanding. If one currency supply is growing faster than the other, the value that fast-growing money can fall. Its exchange rate can fall relative to the money that is growing more slowly. But surprisingly, most central banks own gold. And it was what caught my eye this year that motivated me to do another episode about gold investing or gold speculating the financial times reports.
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