My first job was at a mining startup that found perhaps the best copper/gold discovery in a decade. We were ultimately acquired. It's a reality. Mines take a minimum of ten years from discovery to bring into production.…
It's why the two used to be tied via the gold standard. Then cash became fiat and by nature short-term. Governments can't help themselves. The anecdote on the gold threads is fascinating.
Gold is long term cash. Sovereign funds / private wealth purchase gold as a hedge against inflation. Ie their short term cash (actual cash) being worth less tomorrow. It has this characteristic because gold…
My first job was at a mining startup that found perhaps the best copper/gold discovery in a decade. We were ultimately acquired. It's a reality. Mines take a minimum of ten years from discovery to bring into production.…
It's why the two used to be tied via the gold standard. Then cash became fiat and by nature short-term. Governments can't help themselves. The anecdote on the gold threads is fascinating.
Gold is long term cash. Sovereign funds / private wealth purchase gold as a hedge against inflation. Ie their short term cash (actual cash) being worth less tomorrow. It has this characteristic because gold…