Why interest rates still matter with influential financial journalist and historian James Grant.
CASE FOR GOLD – Unloved – Underperformed other assets – Relatively cheap Off 35% from 2011 high of $1900/ounce – Inflation hedge as inflation rises – Non-correlated to the stock market GOLD ETFs iShares Gold Trust (IAU) SPDR Gold Shares (GLD) Watch the related WEALTHTRACK episode.
BAGEHOT: LASTING INFLUENCE James Grant, the author of several books including biographies of Bernard Baruch and John Adams just finished one on Walter Bagehot, one of the most influential journalists of the Victorian era. Bagehot, editor of The Economist was himself an economist and expert on central banks. He became famous for his Bagehot’s rule which has been […]