How Gold Lost Its Luster, How the All-Weather Fund Got Wet, and Other Just-So Stories

1+ Gold is money. Everything else is credit.– John Pierpont Morgan The relationships of asset performance to growth and inflation are reliable – indeed, timeless and universal – and knowable, rooted in the durations and sources of variability of the assets’ cash flows.– Bob Prince, Co-Chief Investment Officer, Bridgewater Associates Like every middle-aged white guy I know, … Continue reading How Gold Lost Its Luster, How the All-Weather Fund Got Wet, and Other Just-So Stories