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There is no place for gold on the global financial stage.

I will be very blunt…

I despise gold and everything it stands for.

It's an abhorrent example of materialism and serves no real purpose. Lust for gold is over-the-top excess, and despite the protestations of the goldbugs, there is no real basis for the metal serving the currency needs of the world.

The fear mongers will have you believe that the world is collapsing and that inflation has run amok. As a result, the only real currency out there is gold. Given that gold is in finite supply, it should be bought and hoarded…or so the theory goes. Gold is the only thing that you can count on.

What hogwash.

There is no place for gold on the global financial stage.