China's Rise and the New Age of Gold: How Investors Can Profit from a Changing World

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Why Americans Shun Gold

IN THE SPRING of 2017, I attended a lovely dinner party honoring a friend’s daughter who had recently gotten married. The bride’s mother made a point of introducing me to a relative-by-marriage who was quite prominent in the investment world, figuring that he and I would have a lot in common and enjoy talking to each other.

Well, not exactly. Both of us eschewing small talk, we dove right into presenting our views on where the world and financial markets were headed. I told him why I thought gold would be embarking on a huge and sustained bull market, one presenting the biggest opportunity for investors in many generations, perhaps ever. And he told me why I was a total idiot.

Specifically, he told me in no uncertain ...