Gold, the simple math

GoldEagle/John Hathaway

photo image of gold bars, golf club and gold ball “Whatever the electoral outcome, the path towards monetary debasement is bipartisan. It is crucial for investors to focus on the long-term trend and to avoid the distractions of short-term timing considerations. We believe that now is the time to start layering in gold exposure, not when the rest of the world tries to do so.”

USAGOLD note 1:  A very long time ago, before gold was a word uttered with regularity in the mainstream financial media, I was playing golf with a friend and client many years my senior – and a very successful investor. While we waited for the group ahead of us to clear the green, he walked across the fairway from some distance away, grabbed my arm, looked me in the eye, and said: “The time to buy gold is when everything is quiet.” He then turned, walked back across the fairway, addressed his lie, and hit his shot without another word.

USAGOLD note 2:  We mentioned this article in this morning’s DMR and repost it now for those who may have missed it. The ‘simple math’ referenced has to do with gold’s availability versus the potential utilization among institutional money managers.

Repost from 10-22-2020

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