Atlas Plus Gold Report/Charlie Morris/11-16-2022
“When you look around the world for a big, liquid, globally accepted safe haven, there is only one, and that is gold, which continues to reassert its status as the asset of last resort. Pre-1970, in the days of the gold standard, gold formally enjoyed this role. Today, after a 50-year break, the free market is putting gold back onto the pedestal where it belongs.”
USAGOLD note: Morris says that gold is now trading at 23% premium to fair market value based on a model he uses to track the metal, but that it is still a solid value simply because there is no real competition in terms of a genuine safe haven.
