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Cornishman in Basel's avatar

On FRIDAY, 19 APRIL 2002 Bill Bonner wrote a piece called "THE REVENGE OF GOLD"

Here is an excerpt,

"We’ve been urging you to buy some gold, too, dear reader. Not because we know something...but because we don’t.

There are so many things we don’t know, we hardly know where to begin to describe them. We do not know how long the world will continue to accept dollars in exchange for goods and services, for example. Nor do we know how long American consumers can continue to spend money that they don’t have. Nor do we know when real estate markets might turn downwards, ending the illusion of additional wealth caused by rising house prices. But in a world with so many unanswered questions, gold seems the perfect thing to own."

I followed his advice.

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