Gold: Tipping The Scales

It is worthwhile to begin by stating the following: I am meaningfully bullish on the long-term outlook for gold, and I have been for some time. Gold offers protection against price instability, whether it is inflation or deflation, and also provides a hard asset alternative global reserve currency versus the various paper fiat currencies that are backed by nothing more than the full faith and credit of their issuing governments and have been relentlessly distorted by unprecedentedly aggressive monetary policy by global central bankers during the post crisis period. In short, gold offers an ideal portfolio hedge and a lot of long-term appeal.

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