There has been a scramble for physical gold of late but investors have other options than hoarding of the metal. Miners are trading at historically low valuations. Royalties companies are also worth considering.
The game of musical chairs can be a useful metaphor for financial market dynamics, in particular crises. But does it apply to gold, a non-financial asset?
At what point does the government realise they have run out of private sector workers to tax? In a way, that has already happened. Not just here in the UK, but globally. It’s why government debt continues to rise. As grim as it may seem, we do have hope. And we are optimistic.