The Gold Report: Robert, you presented a paper at the Prospectors & Developers Association of Canada conference that focused on, among other things, the uses of gold as a monetary asset. Please tell our readers about that.
Robert Cohen: Gold is quintessentially a monetary asset. Many people believe it is the most ideal monetary asset on the planet, given that the world’s other monetary assets are fiat currencies that can be expanded at the whim of a government.
Every ounce of gold ever produced is still kicking around on the surface, a total of about 160,000 tons. Half of that may be in … [visit site to read more]Similar posts: