In this article for Acting-Man, I discuss gold’s rise around the Brexit debate and why gold is going up for the wrong reason.

Gold is insurance against long-term monetary disorder, negative yields, state failure, and social chaos. But Brexit itself is not the real reason gold should rise. In my view, Brexit is likely to be good for the UK and the world economy, because it represents decentralization and a reduction in bureaucratic control.

Read the archived article at Acting-Man via the Wayback Machine →