The cost of gold

September 13th, 2019

We've done pretty well on gold

because rates in the US are down

and the cost of gold

is not just the cost of the cash you spend to buy it

but the interest on that cash

you probably would have earned

and so your gold just sits there

earning nothing

while the yield of everything else makes money

your gold almost lazy

in it’s intransigence to yield

but what if that c…