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The Golden Compass
In the 15th century, when European explorers began venturing into unknown oceans, maps were often filled with guesswork. The edges of the known world might feature a dragon or a warning: Here be monsters. But the most valuable tool wasn’t the map. It was the compass. Maps could be wrong. The compass told the truth. […]
Gold is now the reserve currency. The West just hasn’t admitted it.
You’d be forgiven for missing it, but gold has overtaken the euro as the world’s second-most held reserve asset. It now makes up 20% of global central bank reserves. The euro lags behind at 16%. The dollar still sits at the top, for now, but its share is steadily eroding. In 2024 alone, central banks […]
