James Grant: The Case for Buying Gold
“Ancient or modern, gold holds its value,” writes James Grant. “It is scarce, lovely, and unhackable.” (Photo by James Leynse/Corbis via Getty Images)
‘Monetary disorder, political upheaval, disarranged public finances, and war are its mother’s milk, and the gold price has duly risen.’
Gold soared past $3,400 an ounce on Monday, setting a fresh all-time record amid growing economic and political turbulence.
President Donald Trump’s tariff blitz, the escalating trade war with China, and inflation fears all helped to fuel the rally. Last Thursday, Trump threatened Federal Reserve Chair Jerome Powell, demanding that the central bank lower…
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