Should you buy gold and silver now?
During times of crisis, gold and silver often regain their popularity as a safe haven for investors. Both have been considered precious metals since ancient times. At the moment, gold’s price has increased and is hovering for extended periods above or just below the $2,000 per ounce price point, which was previously a ceiling for […]
A $32T bar tab
Imagine you know someone who keeps ordering drinks from a bar, and issuing IOUs for each drink. The bar and its bartender have an understanding to accept those IOUs. So several times a week, your friend keeps ordering drinks. Normally the bar wouldn’t complain if your friend settled his tab perhaps once a month, but […]