In this report, I cover the early market action in London on Wednesday, September 12th, 2018. I look briefly at the precious metals, the stock market, the dollar, the bond market and the oil price.
Today I talk about how I first gold involved in the precious metals and how it led me to look more deeply into money and monetary history. From my studies of monetary history, I have come to the conclusion that the precious metals are the ultimate form of money or at least they have the best track record.
My conclusion is that irredeemable fiat money systems are always doomed to fail while gold and silver are timeless monetary assets.