Grantham is correct. He made a mistake about gold though in this article by stating
He added that gold has still delivered solid gains over the same period, even after pulling back from its highs.
That's inverted. Gold doesn't gain or loose: USD does. I'm very surprised he described it that way.
Grantham is correct. He made a mistake about gold though in this article by stating
>He added that gold has still delivered solid gains over the same period, even after pulling back from its highs.
That's inverted. Gold doesn't gain or loose: USD does. I'm very surprised he described it that way.
>Billionaire misinforms you about gold to spread FUD
I wonder why he did that?
\>Billionaire misinforms you about gold to spread FUD
I wonder why he did that?
He is seeing it purely as an investment vehicle like any other issuance. You buy gold at 1000, it goes to 1100, you made a profit. Pulls back to 1050, still profit but not as much. He doesn't see it as a long-term "this is useful even when fiat won't be" thing.
He is seeing it purely as an investment vehicle like any other issuance. You buy gold at 1000, it goes to 1100, you made a profit. Pulls back to 1050, still profit but not as much. He doesn't see it as a long-term "this is useful even when fiat won't be" thing.