Stuff That Interests Me

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comCongratulations to all who bought. Gold is now trading above $3,300. Goldman Sachs has raised its target to $4,000/oz. It’s all going swimmingly. But nothing lasts forever.(Actually gold does, but you know what I mean).So, today, I want to ask: when do we sell our gold?To answer that question, I am going to look at some long-term ratios.How is gold looking relative to stocks, to other commodities and against house prices? (We’ll look at gold versus house prices in the US, the UK and Australia).There is a strong argument, by the way, for never selling your gold, especially if you’re in a country such as the UK with an unreliable national currency. If you don’t need the money, keep the gold and pass it on to your heirs - and tell them to do the same. But macro conditions are not always as gold-friendly as they are now. See the 1980s and 90s for more details.What’s more, given how these trade wars are unfolding, with unpayable