The precious metal has a lousy long-term record both as a store of value and an inflation hedge.
Amid economic downturns, political turmoil and inflation, gold tends to thrive. Today, we sure have those first two malign forces battering us.
Well, then came the U.S.-China trade war and gold took off again. The pandemic has fueled the rise further. Want to bet that the gold price will stay this high and go higher over a long period? The smart money doesn’t think so. Institutions, whose guiding principle is long-term investing, usually spurn gold or just keep a tiny amount for diversification purposes. The $157 billion Teacher Retirement System of Texas has less than 1% in gold.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Guide dogs helping blind runners stay fit despite pandemic“I’m doing all the things a person would normally do, except I’m doing it with the help of a best friend who happens to be 77 pounds of love wrapped in soft yellow fur,” Panek said. Panek, a blind runner with a wall full of ribbons from marathons he ran with a human guide, developed a canine running
Read more »
The 2020 Back-to-School-But-Stay-at-Home Tech Shopping ListWith more students learning online this fall, here’s a guide to teacher-approved back-to-online-school supplies, starting with a good router, an affordable laptop or tablet and over-ear headphones.
Read more »
Trump won't extend unemployment because it 'paid people to stay home' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Layoffs and lawsuits: Colleges resort to last-ditch efforts to stay afloatAcross the country, colleges are slashing staff to offset revenue losses from Covid-19, and faculty — from small liberal arts colleges to large public university systems — are feeling the pain.
Read more »
Guide dogs helping blind runners stay fit despite pandemic“I’m doing all the things a person would normally do, except I’m doing it with the help of a best friend who happens to be 77 pounds of love wrapped in soft yellow fur.” Guide dogs are helping visually impaired runners stay fit during the coronavirus.
Read more »
Meghan Markle Wanted To 'Do Whatever It Takes' To Stay in the Royal FamilyAn excerpt for the book 'Finding Freedom' shows that Meghan Markle wanted to do whatever it took to stay in the family and Harry wanted out.
Read more »