GOLD is GOOD
Interestingly, during 2018, central banks bought more gold, a record amount, than any year before. This reversed a trend of central banks buying less gold each year for the last decade. Together with this there has been less gold mined each year since 2013. There has not been a new goldfield with over 5-million-ounces found since 2014. Each year before 2014 there have been several finds in the 10-million to 50-million-ounce range – but not in the last five years. The price of a kilo of gold has increased since last year from $39,000 to $42,000.
In short, the gold demand is up, and the supply is shrinking – which, according to the rules of supply and demand, means increasing value. All of this tells me that now is the time to consider an investment in gold.
The times are changing and many of the new trends are represented by Benjamin Franklin, the $100 man.
I have added here some of my favorite famous sayings from Ben:
“Early to bed and early to rise, makes a man healthy, wealthy, and wise.”
“Halfwits talk much but say little.”
“God helps those who help themselves.”
“One today is worth two tomorrows.”
“A penny saved is a penny earned.”
“Three may keep a secret, if two of them are dead.”