In this report, I cover the early market from London on Tuesday, March 19th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I look at the views of the man who hates cash and even wrote about it entitled "The Curse of Cash". Harvard economist Ken Rogoff recently wrote in the World Gold Council blog https://www.gold.org/goldhub/research/gold-investor/gold-investor-february-2019/the-curse-of-cash-and-the-allure-of-gold#disclaimer about how in a cashless world become an even more important monetary asset.
Even though I disagree with Dr. Rogoff's economic philosophy of big government, fiat money, and Central Banking I agree with him 100% that gold will be more in demand the more the world goes the cashless route. Rogoff notes that gold provides privacy, negates counterparty risk and helps diversification.
I do differ with him and his views on cryptocurrencies as I think there is a future for them just like there is for gold.
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