The Gold Economy

In January 1848, James Marshall was overseeing the building of a saw mill for his boss, when he saw an unusual rock glinting in the upturned earth. Continue reading

Investing in gold futures does not require gold to exchange hands. A gold future refers to a commitment by the buyer to buy a certain quantity of gold at a pre-set price at a future time. Gold futures are the best way to gain leveraged exposure but are capricious. Gold futures are a fascinating and important realm, but they do not deserve the level of mysticism and fear they seem to generate. The futures priesthood that ‘informs’ gold-stock investors often takes events out of context and disseminates half truths intended to sway sentiment. Continue reading