The Gold Standard, the Golden Jubilee, and the Role of Gold in an Investment Portfolio

It came as no surprise to me that in today’s information-saturated world the jubilee of one of the most important economic events of the last hundred years had passed almost unnoticed last year. Moreover, this was the jubilee in its original, biblical meaning when once in 50 years the sold and mortgaged lands were returned to their original owners, slaves and prisoners of war were freed, debts were forgiven, and the land rested from field work. (As you can see the Bible can serve as a good source of information for studying not only moral and ethical, but also financial and economic, and even…...