The lucky winners should consider spending some of the lucre now, since the coming bear market will destroy wealth even more quickly than it was created.
Across Russia, household wealth is undergoing a transformation. Citizens who once saved in euros and dollars are now accumulating small bars, coins and jewellery.
I’m not what you would call a goldbug, but there is a reason governments and central banks stuff their vaults full of it. I don’t think of gold as an investment but as central bank insurance.
Meta CEO Zuckerberg announced Meta was going to increase its spend on AI development. Investors said, “Enough already!” and delivered Meta its worst day in three years.
