Gold MarketsCritics say paper gold is a fiction. Defenders say it is the same as physical for any practical purpose. The truth depends entirely on the scenario you are hedging.
Gold MarketsThe terms sound technical but the legal distinction is enormous. Allocated gold is yours; unallocated gold is a claim. Here is what that really means.
InvestmentGold is taxed differently almost everywhere — and the differences can wipe out the diversification benefit if ignored. A practical comparison across three regimes.
InvestmentAllocation ranges sound arbitrary until you understand what each level is actually hedging. A practical guide to sizing gold by goal, horizon and risk tolerance.
Gold MarketsMajor banks publish targets across a wide range. Here is the actual reasoning behind each, the assumptions required, and the probability the market is currently pricing.
Gold MarketsFrom 15:1 in the bimetallic era to 125:1 during the COVID panic, the gold-silver ratio is the most misunderstood signal in precious metals. Here is how to read it properly.
HistoryWhere does the world's gold actually sit, and who guards it? A tour through London, New York, Switzerland and Kentucky reveals an industry few investors fully understand.
Gold MarketsWith sovereign bonds offering negative real returns through much of the last decade, allocators are asking whether gold deserves a permanent home in the fixed-income sleeve.
Gold MarketsEveryone knows gold and the dollar move opposite each other — until they don't. Here is the mechanical reason, the historical exceptions, and how to use the relationship.
InvestmentA self-directed IRA can hold physical gold under specific IRS rules. Here is the mechanism, the approved coin list, and the fee structure that drains many accounts.