Solid investment
Oct 29, 2019
3 minutes
JOHN STEPEK EXECUTIVE EDITOR OF MONEYWEEK MAGAZINE
Gold has long played a role in the financial system. Even now paper currencies are no longer backed by gold, central banks worldwide still hold a great deal of gold in their reserves.
At first glance, it looks like a strange thing to own. The standard method of valuing an asset is to look at the future cash flows it will generate, to work out its present value. But gold pays no income
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