The Dutch central bank said Friday it is repatriating some of its gold reserves from the U.S., making it the latest central bank in Europe to address public concerns about the safety of its gold in the wake of the eurozone debt crisis.
The recent drop in the price of bitcoin has reminded many industry participants, particularly those that arrived within the last year, of the inherent volatility associated with new, immature and illiquid markets.
Actual real world experience, evidence and academic research on the gold market are frequently ignored in favor of the simplistic and often the misleading. This will change in the coming years when there is a realization as to the importance of gold as a diversification and as a means of preserving wealth.
In Taleb’s explanations as to why economies are surprised by ‘black swans’ and unable to control iatrogenics Dylan Grice believes that we can find evidence that gold bullion investment is a worthwhile move.