The Supreme Court on Thursday suggested the governors of the Federal Reserve were not subject to removal from their positions by President Trump in the manner he has done with other agencies.
The Supreme Court on Thursday suggested the governors of the Federal Reserve were not subject to removal from their positions by President Trump in the manner he has done with other agencies.
Gold. It’s a real asset that does really well when the dollar does poorly. In addition, it’s a safe haven for geopolitical risk, which is growing.
Gold is no different than any other commodity. Its price is controlled by all the same mechanisms, but is also limited by physical supply constraints, which usually make it more expensive due to the fact that demand is always higher than supply can keep up with.
This makes it inherently inflationary, as a currency. Which is why it is no longer used as a base value for modern currency. There isn’t enough of it to go around.