Tyler Cowen writes in Bloomberg that "There's a lot of wealth being created and not enough safe places to store it." There are no enough instruments to transfer wealth from the present to the future. US bonds pay nothing and the dollar devaluates. Gold keeps is worth, more or less. It is the most primitive safe heaven. So the money goes to American blue chips and real estate in London, New York and Tel Aviv. Can't somebody invent some kind of bank or financial institution better than gold?
“So the money goes to American blue chips and real estate in London, New York and Tel Aviv”
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You would love to be here in the axis of intelligence.
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