Paper Privilege

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.

Gold is up but not out

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.

One million percent gains from dark web GPUs?

In 2010, bitcoin miners weren’t obsessing over price. They were scrambling for GPUs. Today, the same kind of hardware rush is unfolding around AI. Memory, storage and compute are tightening fast — and if history is any guide, the real opportunity may lie in the companies supplying the shovels, not the headlines grabbing the hype.