Gold -- Too Much of a Good Thing
Gold could be warning of a Fed policy mistake.
by Murray Gunn
Updated: October 06, 2021
The economist John Maynard Keynes is often misquoted when it comes to gold. When he referred to "a barbarous relic," he was not referring to the precious metal itself but to the Gold Standard under which the global financial system used to operate (this makes sense when we take a second and consider that barbarous means cruel or vicious). Nevertheless, the fact that gold yields nothing means that many people consider it useless...
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