The oldest money: a short history of gold
From the Golden Fleece of Colchis to Lydian coins to modern vaults — a short history of gold, the oldest money humanity ever trusted.
From the Golden Fleece of Colchis to Lydian coins to modern vaults — a short history of gold, the oldest money humanity ever trusted.
You buy gold as insurance against inflation and political risk. Paper gold — ETFs, futures, unallocated accounts — quietly reintroduces the very risks you were hedging. Here’s why physical metal in your own custody is the stronger form of that insurance.
Gold is often called an inflation hedge, but the truth is more nuanced. It can protect purchasing power over the long term, while short-term inflation moves do not always push gold higher.