A minor rant, major cents. GOLD is not an alternative asset class to anything but CASH. Simon, the reason equities and property have been the best performing asset classes over our lifetimes is because the nature of money changed forever in 1973. During the Vietnam war, Nixon abolished the Gold Standard to stave off US bankruptcy, with no need to credibly control how wealth was translated to currency, he opened the way for money to be `created'. All that money found a home in the organization, equities, property and money markets. The whole system almost seemed credible... Now. The cracks are showing - (continued as a seperate thread on forum)
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