Kicking the gold valuation models

Atlas Plus Gold Report/Charle Morris/11-5-2021

graphic image of the all-seeing eye on the U.S. dollar“To recap, this model is based on the idea that gold is a bond. In asking what kind of bond it is, I came up with five answers: It is a zero-coupon because it pays no interest. It has a long duration because it lasts forever. It is inflation-linked, as historic purchasing power has demonstrated. It has zero credit risk, assuming it is held in physical form. It was issued by God.”

USAGOLD note: With respect to that final point, i.e. ‘issued by God’, the superior status of the issuer clearly ensures that its current AAA credit rating is unlikely to be challenged by any of the rating services. [smile]

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