Howard Marks: All That Glitters

On this cold and snowy English Sunday, with many Cobden Centre readers tucked up for Christmas with possibly only one last difficult food shopping expedition to manage before the big day, I thought some of our more gold buggish clientele might like some reading matter to pass the time, while they figure out how they’re going to dig out and operate their two-wheel drive vehicles.

In the challenging piece below, Howard Marks, of Oaktree Capital Management, discusses the intrinsic value of gold, as opposed to fiat government currency:

All That Glitters