Gold is the only safe haven left in the world. Indeed, the metal has been a form of currency for centuries. Whenever countries followed a strict gold standard and used it as their currency, their economies were stable. But governments have always surpassed their means with costly spending, causing them to abandon the gold standard to fund their inefficiencies. I think gold is beginning a multi-year bull market as it's the only asset class that will be able to maintain its’ ‘store of value’ during this impending crisis. In fact 'gold mania’ is about to take off as global central banks implement negative interest rates, which is an ideal environment for gold to surge higher.

Gold does have a historical store of value. central banks and institutions horde it as a reserve. And they do not want to sell it. On the contrary, many want to accumulate even more. Therefore, gold’s characteristic role in regard to sovereign reserves is still intact even amid the fascinating evolution of central banking and institutional finance.