In my conversation with billionaire Pierre Lassonde:
"Central banks aren't buying crypto... they're buying gold. Why? Because gold is a 5,000-year-old currency. It's time-tested and proven, and unlike crypto or fiat, it's not someone else's liability. It's not an abstract equation floating in cyberspace."
Since this conversation?
Gold is shining as the world navigates a period of turbulence, with stocks posting their worst quarter since 2022 and risk-on assets continuing to face pressure.