Central banks are buying gold at the fastest pace in six years
“And if the Bolsheviks come to power next year and offer free goodies (paid for with more debt) to anyone with a pulse, the debt burden will explode. Anyone who thinks owning 10-year US treasuries – or even worse, 30-year government bonds – is risk-free, is completely insane. The dollar’s problems aren’t limited to the US government’s pitiful finances either.”
USAGOLD note: In this entertaining and instructive essay, Simon Black states the case for gold ownership in no uncertain terms of which the snippet above is an example.