Finance & Fury Podcast

Welcome to Finance and Fury,   Today – next gold rush – Final part of capital preservation – Allocation as a hedge for a financial meltdown - should preserve capital, withstand market volatility, and provide diversification across a portfolio Gold – an asset which is virtually permanent, with no significant erosion of quality over time, could arguably be considered a safe haven – good evidence that Gold has provided a hedge against collapse – limited supply at about 1.5% p.a. increase   What is Gold's true role? – Capital preservation – but also Money – Base money for most of history - 1912 when J.P. Morgan was called to testify before Congress. Congressman - I want to ask you a few questions bearing on the subject that you have touched upon this morning, as to the control of money. The control of credit involves a control of money, does it not? JP - A control of credit? No. – Congressman: But the basis of banking is credit, is it not? JP - Not always. That [credit] is an evidence of banking, but it [credi