Gold is having something of a resurgence, it’s time to ask why


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This all led the children and me to a discussion of whether there is anything that stays money forever. Enter physical gold, the only thing that has been considered real money by most people and that has maintained its purchasing power for nearly 3000 years. This isn’t a particularly interesting conversation if there is no inflation: If a dollar holds its purchasing power, who needs gold? It is heavy, you have to store it, it has no yield. When inflation is on the table, things get more interesting. With this in mind, you might have expected gold to be all...