“A concern I always had with precious metals ETFs, is that there is about fifty times as much theoretical gold in the world as physical gold.” -Andrew Craig, in the book ‘How to Own The World’.
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Category: gold
All articles in the category of “gold”:
Let’s explore Bitcoin priced in gold (all prices as of August 2023). The entire market cap of Bitcoin is currently roughly 570 billion US dollars (i.e. over half a trillion US dollars). At current market prices, one kg of gold is approximately $60,000, giving us one metric tonne of gold having a price of approximately […]
There’s a few very big things in favor of gold as an investment, including the hugely relevant points that gold is finite, rare and has a loooong history of being highly valued. But let’s forget about the positives for a minute, instead, let’s focus solely on all the negatives. Let’s go straight for everything I […]