Chiswick, West London
Wednesday, October 8
By Tom Dyson, Investment Director
“Does the rising gold price make you feel more excited or uneasy?” I asked Kate this morning.
“Uneasy,” she said.
“Me too.”
The gold market has become a vertical auction…with the price rising relentlessly, day after day. Today it blew through $4,000 an ounce...
We’re witnessing history…a run on the unbacked paper currency experiment. Some are celebrating. Most haven’t noticed. No one seems too concerned.
JP Morgan DID publish a report last week calling gold and bitcoin the “debasement” trade but there was no urgency or alarm attached to the message. And some institutional investors are entering the trade. Other than that, things are still quiet.
I don’t understand it. Why is no one freaking out about collapsing paper money?