A Toast To Gold Power
By John Browne for the Pittsburgh Tribune Review
In 2003, a bottle of 1785 Chateau d’Yquem once belonging to Thomas Jefferson was sold in London for $56,588, making it the most expensive bottle of white wine and earning d’Yquem the title of “Liquid Gold.”
What more fitting wine for a toast to the alluring yellow metal that has fascinated humankind for most of recorded time?
Why is it now an appropriate time to drink to gold? Because gold is possibly near to shaking-off a sustained and coordinated attack on its monetary credibility by some of the world’s most powerful central banks. Investors could win back an asset that offers protection against the financial abuse of governments.
Most wines are priced as commodities on the basis of quality, supply and demand. Others, undrinkable, such as the 200-year-old d’Yquem, are sold as collectors items or investments.
Read the full Pittsburgh Tribune Review Article
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