We see machines that can do almost everything, physically and mentally, that a human can do. But with none of the sick days or bad attitudes that characterize our race.
The US reneged on its promise to exchange dollars for gold in August of 1971. Dollars were still the world’s reserve currency, but nobody had any guarantee that they would remain limited and valuable.
The gold price left the stock market for dead. But after decades of outperformance, is it finally time to sell your gold? Not if you use pounds to buy it.