Jim Grant Warns No One's Prepared For "Higher Yields For Much Longer": Gold's About To Have Its Day

Gold’s value should be primarily viewed as a barometer for monetary instability, not merely as an inflation hedge. With ample global financial turbulence, it’s crucial to highlight gold’s role as a safeguard in times of economic disarray. The last fifty-plus years since the gold standard was abandoned could be seen as a mere blip in monetary history, with indications that the era of unrestrained paper money and excessive sovereign debt might be judged harshly by future historians. This suggests a potential pivot back to gold as a critical asset in response to unchecked monetary policies.