All that glitters is not gold

Precious metal value boosted by economic turmoil

- by GARY TANASHIAN

VALUE in a system is increasingly devoid of, and psychologically removed from, the true meaning of the concept.

That value - in relation to investment vehicles that have been the beneficiaries of trillions in ‘money’ - is created out of nowhere.

The tokenisation of real-world assets, from stocks to real estate, through crypto currency, has been described as an unstoppable freight train.

And then there is gold. Ah yes, and that shows just how bad things are in the cyclical world. Both financial/economically and socially.

Society is coming apart and so is its old system of debt-print-spend. But legacy financial media are not equipped to discuss that.

Then we have tech-related CEOs with little mics on their heads preaching to would-be converts from a stage about the techno-future. But the world is upside down now.

The oldest-fashioned asset in history - gold - is also gaining converts because the debt-backed economic system is coming apart at the seams.