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Video: Gold the Excellent Risk Diversifier that is Widely Underheld

By Tom Winnifrith | Saturday 18 February 2023


Money manager Bob Elliot analyses the current economic situation, the role of debt cycles, and the trade-offs between a fiat monetary system and a commodity-based system. He note that productivity is the main driver of growth over the long term, and that debt cycles have been used to make up for declining productivity. He explained the risks associated with governments borrowing to make up for productivity declines and noted that wage growth is maintaining nominal spending at a higher level.
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