RUSSO'S RULES

The gold financial crisis

The suggestion that the miners of the “ultimate inflation hedge” could be caught in a deflationary spiral sounds preposterous. But until very recently, so did the concept that banks would pay people to borrow money.

A year ago there were people predicting that global gold mine production would fall because falling gold prices would lead to mine closures. There is no doubt that there are a number of mining companies...

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