Monetarists have been waiting and longing for decades for gold to be rediscovered as an investment and store of value! Is the return to the much vaunted gold standard imminent? (just kidding)
What does it say about the prospects as younger people as they see it? Or is it just a transient mania?
"The retailer started peddling them last year and has been selling out within hours. Customers, especially younger ones, see gold as a hedge against catastrophe. Some millennial investors say they don’t trust the financial system, especially after last year’s bank failures, while others cite a fear of hyperinflation, the ease of buying and selling gold, and its history of doing better when the economy does worse as reasons to buy. The precious metal has been hitting record highs. Meanwhile, in the state known for its historic gold rush, a coalition of California businesses gathered enough signatures for a ballot measure that would require two-thirds of voters to approve most local tax increases and roll back some already in place."
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