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Wealth Management

Buying Gold: Trick, or Treat?

Buying Gold: Trick, or Treat?

So why should anyone own gold when its connection to money is founded in part on folklore and a gold standard that no longer exists? Well, first of all, economics and finance are not physics—a lot of it is ruled by mythology, rules of thumb, and superstitions. And as long as investors, politicians and governments are influenced by these folktales (Russia’s central bank, for example, is buying gold) gold just might remain a hedge if inflation returns.

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