Monday, March 23, 2020

David Morgan: You Should Be Buying Gold Stocks Now


Gold is a physical commodity subject to the vagaries of supply and demand. The value of gold often changes quickly, and gold's price moves can be quite large at times. 

It's clear that roughly 90% of gold demand is based on its intrinsic value. In fact, at one point, most paper money was backed by a country's holdings of physical gold. 

That time has passed, of course, with fiat currencies now backed by the promise of a government to make good on its obligations.

- Source, David Morgan