“GOLD CLIMBS AS MIDDLE EAST VIOLENCE FLARES” (August 9, 2014)
Thus the Financial Times today. “First weekly advance for bullion in a month,” elaborates the newspaper. Although this bit of news is neither here nor there at this juncture, it is good to remember that the price of gold is the best measure of trouble ahead. Investors are not very bright, but they are bright enough to point the way forward for the rest of the human species. The way things are going, gold is destined to become the chief investment opportunity for the rich. The turmoil in Ukraine, Gaza, Mesopotamia, the two Koreas, and elsewhere across the globe will surely keep mounting in the years to come. The new cold war guarantees it, as it were, but many a war promises to become hot soon enough. Be that as it may, the price of gold will always be there as the most useful gauge of the future. Given the cacophony of the news, it is a godsend. And it cannot be simpler—so much money per unit weight. Alleluia!