How to preserve wealth

More investors are jumping on the Gold Express. In an interview for CNBC, “Bond king” Jeffrey Gundlach said a quarter of the “perfect portfolio” would be in gold and predicts the price will hit $4,000

The dots appear to contradict one another, puzzling observers. How to connect them? Inflation over the last five years has been double the Federal Reserve’s target. Why then, does it cut its key lendi

Pick of the week’s correspondence

The US government has shut down again. But even as the shutdown approached, stocks rose. How could they go up while the single biggest player in the whole economy withdraws? Because maybe it doesn’t m

“Dr Pangloss, welcome to Wall Street,” says Randall Forsyth in Barron’s. Voltaire’s “oblivious optimist” would feel right at home as stocks in the US and Asia hit record highs, even as Russia sends dr

Is gold the trade of the decade? The yellow metal has soared 40% this year in US dollar terms, making more than 30 successive record highs along the way. It has gained 135% since January 2020, outstri