Gold Always Wins: How the Yellow Metal Defies its Critics - Paperback

by Robin Bromby (Author)

Why do so many people try to diminish the gold story? And why does gold keep bouncing back in defiance of its critics? That is the theme of this book. Robin Bromby shows that gold's fundamental appeal - as a safe haven, the ultimate store of wealth, the most reliable form of money - sees it through every obstacle put in its way. In the past 100 years, the world has turned its back on the gold standard (and in the case of the U.S. actually banned its private ownership) and developed a multitude of new financial tools through the use of derivatives and massive leveraging, and yet gold is still at the beating heart of the global financial system. This book by a leading Australian-based mining commentator explains gold's survival.