Most households that might otherwise look to buy a move-up home can no longer afford to do so. So there’s no reason for them to sell their house until it becomes unaffordable to maintain.
Having thousands of years of history behind it as a store of value also provides more certainty that gold will continue to hold value far into the future.
In the unlikely event it is enacted, Biden’s proposal would put well-heeled investors in high-tax states like New York and California over the 50% threshold for total taxes paid.
Three years ago, in an interview with Grant Williams' Real Vision, Norman said "you betcha" when asked if central banks had an interest in manipulating the gold market.
US Treasuries are as much sought-out by investors in a crisis or pending crisis, but lately, Treasuries have become much less popular as a means of storing wealth.
