The ‘golds must be crazy’, page-189

The chart below looks at gold price quoted in Iranian Rial

gold charts in most currencies have enjoyed the same type of upward momentum over the last 5 years … so we can understand why people are buying

real estate, blue chip equities, cash feel expensive and now vulnerable to sharp corrections, particularly if your government is on a war footing or printing money like confetti

I am increasingly feeling that gold has actually entered a material long term bull market that introduces a whole new generation of investors to the concept that 5% of wealth in a prudent diversified portfolio should be held/stored in physical precious metals.