The legal system protecting an asset is as significant as the walls surrounding it. A secure vault cannot single-handedly determine ownership, access, taxation or the treatment of property under extraordinary powers. Those are questions of law and political authority.
Inflation starts with the Federal Reserve. Since its inception in 1913, the Fed has debased the currency by continually expanding the supply of money and credit. If the Fed were serious about “fighting inflation”, then STOP INFLATING.
Now, do I believe every dollar invested in a data center is going to pay its developers back? Absolutely not. Some of these companies are only going to get a fraction of what they invested back. But we don’t know which company at this time.
As Bloomberg reporter Jack Ryan explained, given the relatively limited investor exposure to gold in the West, even a modest increase in inflows could mean a big surge in price.
Canada’s comparative advantage is in getting things out of the ground—oil, natural gas, gold, wheat, potash—but geography forces its producers to sell at a discount to a single buyer.
Nearly three-quarters of newly mined silver comes as a byproduct of copper, lead, zinc and gold mining, meaning higher silver prices don't necessarily lead to higher silver production.
The last time the Bank of Korea expanded its gold reserves was 13 years ago. The country currently holds just over 104 tonnes of gold, about 1.1 percent of the country’s total reserves.
