Due primarily to the California Gold Rush, San Francisco’s population exploded from 1,000 to 100,000 in only two years.

Even despite fewer rate cuts than expected last year, gold was still the best performing asset. And it is again so far in 2025. And now cracks are emerging in the tech stock market, as well as in the ...

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We cannot value gold. It does not generate any cash flows, which we could discount. But it doesn’t mean that the price of gold changes randomly. Market sentiment is powerful in the precious metals ...

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