December 16, 2013


Gold is, and has been for thousands of years the best insurance against inflation, or deflation. I would much rather own gold then invest in government bonds, high-yield bonds or equities. With the uncertainty of whether deflation was to pass, it would only stimulate governments to print more money globally.

China is taking full advantage, and has been buying as much gold as it can get its hands on. At last count gold imports from Hong Kong...