Another “tell” is that the Fed, that enemy of gold and honest money/monetary systems so clearly on display after 2011, is getting up to some of its old tricks.
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.
