⛏️ The Prostitution Of Gold

The Prostitution Of Gold
Gold is not an investment. There is nothing fundamental about gold on which to base expectations for its value to increase over time. The only reason that the price of gold rises over time is to reflect the loss of purchasing power in the U.S. dollar. Gold's value is centered in its use as money. Gold is real money because it meets the three characteristics of money: 1) a medium of exchange; 2) a measure of value; and 3) a store of value. Read on »

World’s No. 2 Gold Miner Is Trying to Get Bigger in Copper
For a company with “gold” in its name, Barrick Gold Corp. has become noticeably fixated on copper. Barrick sees copper as a strategic commodity underpinned by the demand for electrification. It’s often found alongside gold in orebodies, and can be processed using similar methods. Read on »

• U.S. National Debt Tops $32 Trillion for First Time Link>>

• Why Gold Options Are Gaining Momentum Link>>

• Gold Price Exclusive Update Link>>

• New Land Grab by Oil Giants Is Deep Underground Link>>

• Namibia Seeks to Tap Resource Potential After Lithium Ore Ban Link>>