Hedging Risk with Gold
May 13th, 2008 | By Adrian Ash | Category: Gold, Macro Economics
A little less than 12 months ago, the world’s biggest financial players suddenly found they could not turn some $1.3 trillion of their assets into cash.
These assets — bonds backed by U.S. homebuyers with low (or no) incomes — had become utterly illiquid. No one would buy or lend against ...read more