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Gold, the Ultimate Safe Haven Asset. A Looming Nobel Prize?
Yesterday was a big day! At least for all those boring economists and similar bean-counters. The Nobel Prize in economics was awarded. Abhijit Banerjee, Esther Duflo, and Michael Kremer became 2019 laureates for their experimental approach to alleviating global poverty. Nice! But, dear Nobel Committee, we also have great ideas how to reduce poverty in the world. Just give everyone some gold! We know, that's not the quick road to wealth, but whatever the current outlook, gold portfolios should appreciate substantially in the long run. Jokes aside, and let's get serious. How about central banks stop printing money? You ... (full story)