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In the 1980s Lloyd Blankfein, the future boss of Goldman Sachs but then a rookie gold trader, bought a kilogram of the metal for himself. He describes this in “Streetwise”, his memoir, as less an ...
An ounce of salt could once be traded for an ounce of gold. Now, the idea is laughable, with the cost of gold reaching over $2,000 per ounce while 26 ounces of salt is valued at just $1. How did gold ...
Most gold demand comes from investors who use it to hedge against inflation, economic uncertainty, and political turmoil. Buying physical metal is the surest way to achieve this, but many investors ...
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