Why buy gold now? Because I don’t know

SovereignMan/Simon Black/12-5-2018

“And right now, banks are buying up gold hand over fist. Central banks currently hold 20% of all the gold ever mined—33,000 metric tons. And JPMorgan Chase says they’ll buy another 650 tons this year and next. Why? Gold is for the I don’t knows. And right now, there are a LOT of I don’t knows.”

USAGOLD note:  For all of life’s uncertainties, particularly those involving financial markets – for all the I don’t knows – a stash of gold and silver coins and bullion covers many bases. Simon Black offers a solid, quickly-read rationale at the link above.

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