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What Do We Buy When We Buy Gold?
In 1992, a farmer in Suffolk stumbled upon the largest hoard of Roman coins ever found. Unknowingly, he had uncovered a story of crisis and the search for safety, when the Saxons invaded the area and a Roman family buried their gold. This treasure, known as the Hoxne Hoard, would remain undiscovered—but still precious—for 1,600 years. The family never got to use their safe-haven asset. Today, gold is the subject of intense debate. Warren Buffett dismisses it as an asset that “only increases if the number of fearful people grows.” Ray Dalio counters that gold is “undervalued,” especially at a time when we ... (full story)