These gold assets are priced for $1,800 gold [it's over $4,000]‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎
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‎



<[link removed]>






Right now, you can buy a dollar's worth of gold for about 36 cents.

That sounds impossible. Here's how it's real.

The major gold miners are throwing off record cash flow — even after gold's
recent pullback. The four largest have never had this much free cash on hand.
Ever. At today's gold price, they're running margins as high as 75% — the most
profitable they have ever been.

Which hands them a problem.

Go here to see the problem — and why the majors are about to go on a shopping
spree for the ages.
<[link removed]>

When a major gold miner makes record profits, it does one of two things: hand
the cash back to shareholders, or buy the best junior mining assets to secure
future production.

And here's the piece the market is missing:


The best junior assets are still priced as if gold were stuck at $1,800 an
ounce
<[link removed]>
— not north of $4,000, where it trades today.

So the majors are staring at their own future production shrinking, sitting
on record cash, looking at top-tier junior assets trading at a fraction of what
that gold is worth at today's price.

They don't have a choice. They buy — or their output keeps shrinking until
they're out of business.

That's how you buy a dollar of gold for 36 cents: you own the junior
<[link removed]>
before
<[link removed]>
the major is forced to pay up for it.
<[link removed]>

The gap between what these assets are worth and what they trade for has a
name. I call it the Golden Anomaly. It only appears early in a gold bull
market, and it closes fast — usually the moment the majors start writing
cheques.

So you can pay full price after the gap closes…

Or buy the dollar for 36 cents while the Anomaly still exists.


My name is Garrett Goggin, CFA, CMT, and it's why Porter Stansberry recently
called me:

"THE most knowledgeable gold investor in the world."

Go here to see my
<[link removed]>
Golden Anomaly
<[link removed]>
portfolio — and the three names next on the majors' shopping list.
<[link removed]>

Best,

Garrett Goggin, CFA, CMT
Lead Analyst and Founder, Golden Portfolio

Ivan Sulyma (Ukrainian: Ivan Mykhailovych Sulyma) was a Senior of Registered
Cossacks in 1628–29 and a Kosh Otaman in 1630–1635. Life and death Son of
Mykhailo Sulyma, Ivan came from a petty noble (szlachta) family. He was born in
Rohoshchi (next to Chernihiv). He served as an estate overseer for Stanislaw
Zolkiewski and later the family of Danilowicze who inherited his lands; for
that service in 1620 he was awarded three villages: Sulimowka, Kuczakiv and
Lebedyn. All the villages today belong to the Boryspil Raion, Kyiv Oblast. His
sons included Stepan (died 1659), a captain of Boryspil company, and Fedir
(died 1691), a colonel of Pereiaslav regiment. He became popular among the
unregistered Cossacks, leading them on campaigns to plunder Crimea and other
Ottoman vassal territories. For organizing a revolt on an Ottoman slave galley
and freeing Christian slaves[1] he received a medal from Pope Paul V himself.
Eventually, Sulyma reached the rank of the hetman, which he held from 1628 to
1629 and 1630 to 1635. In 1635, after returning from an expedition to Black Sea
against the Ottomans, he decided to rebel against the Polish–Lithuanian
Commonwealth, which at that time controlled most of the Cossack territories,
and whose nobility was trying to turn militant Cossacks into serfs.[citation
needed] Ivan Sulyma took part in numerous campaigns of Sagaidachny against
Tatars and Turks. In particular, it was the famous capture of Kafa (modern
Theodosia), the main center of the slave trade on the Black Sea, Trapezont,
Izmail, and also two attacks on Tsaregrad. On the night of 3 to 4 August 1635
he took the newly constructed Kodak fortress by surprise, burning it and
executing its crew of about 200 people under Jean Marion. Soon afterwards
however his forces were defeated by the army of hetman Stanislaw Koniecpolski
and Sulima was turned over to the Commonwealth by Cossack elders or starshina.
Together with several other leaders of his rebellion, Hetman Sulyma was
executed in Warsaw on 12 December 1635. At first, the Polish King Wladyslaw IV
Waza, known for his friendly attitude towards the Cossacks, was hesitant to
execute Sulyma, especially since he was a person upon whom the Pope himself
bestowed his medal. However, pressured by the nobility who wanted to show that
no rebellions against the 'established order' would be tolerated, the order for
an execution was given; after being tortured, Sulyma was cut to pieces and his
body parts were hung on the city walls of Warsaw.[2] he Child Winston
Churchill was born into the privileged world of the British aristocracy on
November 30, 1874. His father, Lord Randolph Churchill, was a younger son of
the 7th Duke of Marlborough. His mother, Jennie Jerome, was the daughter of an
American business tycoon, Leonard Jerome. Winston’s childhood was not a
particularly happy one. Like many Victorian parents, Lord and Lady Randolph
Churchill were distant. The family Nanny, Mrs Everest, became a surrogate
mother to Winston and his younger brother, John S Churchill. The Soldier After
passing out of Sandhurst and gaining his commission in the 4th Hussars’ in
February 1895, Churchill saw his first shots fired in anger during a
semi-official expedition to Cuba later that year. He enjoyed the experience
which coincided with his 21st birthday. In 1897 Churchill saw more action on
the North West Frontier of India, fighting against the Pathans. He rode his
grey pony along the skirmish lines in full view of the enemy. “Foolish
perhaps,” he told his mother, ” but I play for high stakes and given an
audience there is no act too daring and too noble.” Churchill wrote about his
experiences in his first book The Story of the Malakand Field Force (1898). He
soon became an accomplished war reporter, getting paid large sums for stories
he sent to the press – something which did not make him popular with his senior
officers. Using his mother’s influence, Churchill got himself assigned to
Kitchener’s army in Egypt. While fighting against the Dervishes he took part in
the last great cavalry charge in English history – at the Battle of Omdurman in
1898. The Politician Churchill was first elected to parliament in 1900 shortly
before the death of Queen Victoria. He took his seat in the House of Commons as
the Conservative Member for Oldham in February 1901 and made his maiden speech
four days later. But after only four years as a Conservative he crossed the
floor and joined the Liberals, making the flamboyant gesture of sitting next to
one of the leading radicals, David Lloyd George. Churchill rose swiftly within
the Liberal ranks and became a Cabinet Minister in 1908 – President of the
Board of Trade. In this capacity and as Home Secretary (1910-11) he helped to
lay the foundations of the post-1945 welfare state. His parliamentary career
was far from being plain sailing and he made a number of spectacular blunders,
so much so that he was often accused of having genius without judgement. The
chief setback of his career occurred in 1915 when, as First Lord of the
Admiralty, he sent a naval force to the Dardanelles in an attempt to knock
Turkey out of the war and to outflank Germany on a continental scale. The
expedition was a disaster and it marked the lowest point in Churchill’s
fortunes. However, Churchill could not be kept out of power for long and Lloyd
George, anxious to draw on his talents and to spike his critical guns, soon
re-appointed him to high office. Their relationship was not always a
comfortable one, particularly when Churchill tried to involve Britain in a
crusade against the Bolsheviks in Russia after the Great War. Between 1922 and
1924 Churchill left the Liberal Party and, after some hesitation, rejoined the
Conservatives. Anyone could “rat”, he remarked complacently, but it took a
certain ingenuity to “re-rat”. To his surprise, Churchill was appointed
Chancellor of the Exchequer by Stanley Baldwin, an office in which he served
from 1924 to 1929. He was an ebullient if increasingly anachronistic figure,
returning Britain to the Gold Standard and taking an aggressive part in
opposing the General Strike of 1926. After the Tories were defeated in 1929,
Churchill fell out with Baldwin over the question of giving India further
self-government. Churchill became more and more isolated in politics and he
found the experience of perpetual opposition deeply frustrating. He also made
further blunders, notably by supporting King Edward VIII during the abdication
crisis of 1936. Largely as a consequence of such errors, people did not heed
Churchill’s dire warnings about the rise of Hitler and the hopelessness of the
appeasement policy. After the Munich crisis, however, Churchill’s prophecies
were seen to be coming true and when war broke out in September 1939 Prime
Minister Neville Chamberlain appointed him First Lord of the Admiralty. So,
nearly twenty-five years after he had left the post in pain and sorrow, the
Navy sent out a signal to the Fleet: “Winston is back”. The War Leader For the
first nine months of the conflict, Churchill proved that he was, as Admiral
Fisher had once said, “a war man”. Chamberlain was not. Consequently the
failures of the Norwegian Campaign were blamed on the pacific Prime Minister
rather than the belligerent First Lord, and, when Chamberlain resigned after
criticisms in the House of Commons, Churchill became leader of a coalition
government. The date was May 10, 1940: it was Churchill’s, as well as
Britain’s, finest hour. When the German armies conquered France and Britain
faced the Blitz, Churchill embodied his country’s will to resist. His oratory
proved an inspiration. When asked exactly what Churchill did to win the war,
Clement Attlee, the Labour leader who served in the coalition government,
replied: “Talk about it.” Churchill talked incessantly, in private as well as
in public – to the astonishment of his private secretary, Jock Colville, he
once spent an entire luncheon addressing himself exclusively to the marmalade
cat. Churchill devoted much of his energy to trying to persuade President
Roosevelt to support him in the war. He wrote the President copious letters and
established a strong personal relationship with him. And he managed to get
American help in the Atlantic, where until 1943 Britain’s lifeline to the New
World was always under severe threat from German U-Boats. Despite Churchill’s
championship of Edward VIII, and despite his habit of arriving late for
meetings with the neurotically punctual King at Buckingham Palace, he achieved
good relations with George VI and his family. Clementine once said that Winston
was the last surviving believer in the divine right of kings. As Churchill
tried to forge an alliance with the United States, Hitler made him the gift of
another powerful ally – the Soviet Union. Despite his intense hatred of the
Communists, Churchill had no hesitation in sending aid to Russia and defending
Stalin in public. “If Hitler invaded Hell,” he once remarked, “I would at least
make a favourable reference to the Devil in the House of Commons.” In December
1941, six months after Hitler had invaded Russia, Japan attacked Pearl Harbor.
The war had now become a global one. But with the might of America on the
Allied side there could be no doubt about its outcome. Churchill was jubilant,
remarking when he heard the news of Pearl Harbor: “So we have won after all!”
However, America’s entry into the war also caused Churchill problems; as he
said, the only thing worse than fighting a war with allies is fighting a war
without them. At first, despite disasters such as the Japanese capture of
Singapore early in 1942, Churchill was able to influence the Americans. He
persuaded Roosevelt to fight Germany before Japan, and to follow the British
strategy of trying to slit open the “soft underbelly” of Europe. This involved
the invasions of North Africa, Sicily, and Italy – the last of which proved to
have a very well armoured belly. It soon became apparent that Churchill was the
littlest of the “Big Three”. At the Teheran Conference in November, 1943, he
said, the “poor little English donkey” was squeezed between the great Russian
bear and the mighty American buffalo, yet only he knew the way home. In June
1944 the Allies invaded Normandy and the Americans were clearly in command.
General Eisenhower pushed across Northern Europe on a broad front. Germany was
crushed between this advance and the Russian steamroller. On May 8, 1945
Britain accepted Germany’s surrender and celebrated Victory in Europe Day.
Churchill told a huge crowd in Whitehall: “This is your victory.” The people
shouted: “No, it is yours”, and Churchill conducted them in the singing of Land
of Hope and Glory. That evening he broadcast to the nation urging the defeat of
Japan and paying fulsome homage to the Crown. From all over the world Churchill
received telegrams of congratulations, and he himself was generous with
plaudits, writing warmly to General de Gaulle whom he regarded as an awkward
ally but a bastion against French Communism. But although victory was widely
celebrated throughout Britain, the war in the Far East had a further three
months to run. The atomic bombing of Hiroshima and Nagasaki finally brought the
global conflict to a conclusion. But at the pinnacle of military victory,
Churchill tasted the bitterness of political defeat. The Elder Statesman
Churchill expected to win the election of 1945. Everything pointed to his
victory, from the primitive opinion polls to the cartoons in newspapers and the
adulation Churchill received during the campaign, but he did not conduct it
well. From the start he accused the Labour leaders – his former colleagues – of
putting party before country and he later said that Socialists could not rule
without a political police, a Gestapo. As it happened, such gaffes probably
made no difference. The political tide was running against the Tories and
towards the party which wholeheartedly favoured a welfare state – the reward
for war-time sacrifices. But Churchill was shocked by the scale of his defeat.
When Clementine, who wanted him to retire from politics, said that it was
perhaps a blessing in disguise, Churchill replied that the blessing was
certainly very effectively disguised. For a time he lapsed into depression,
which sympathetic letters from friends did little to dispel. Soon, however,
Churchill re-entered the political arena, taking an active part in political
life from the opposition benches and broadcasting again to the nation after the
victory over Japan. In defeat Churchill had always been defiant, but in victory
he favoured magnanimity. Within a couple of years he was calling for a
partnership between a “spiritually great France and a spiritually great
Germany” as the basis for the re-creation of “the European family”. He was more
equivocal about Britain’s role in his proposed “United States of Europe”, and,
while the embers of the World War II were still warm, he announced the start of
the Cold War. At Fulton, Missouri, in 1946, he pointed to the new threat posed
by the Soviet Union and declared that an iron curtain had descended across
Europe. Only by keeping the alliance between the English-speaking peoples
strong, he maintained, could Communist tyranny be resisted. After losing
another election in 1950, Churchill gained victory at the polls the following
year. Publicly he called for “several years of quiet steady administration”.
Privately he declared that his policy was “houses, red meat and not getting
scuppered”. This he achieved. But after suffering a stroke and the failure of
his last hope of arranging a Summit with the Russians, he resigned from the
premiership in April 1955. “I am ready to meet my Maker,” Churchill had said on
his seventy-fifth birthday; “whether my Maker is prepared for the great ordeal
of meeting me is another matter”. Churchill remained a member of parliament,
though an inactive one, and announced his retirement from politics in 1963.
This took effect at the general election the following year. Churchill died on
24 January 1965 – seventy years to the day after the death of his father. He
received the greatest state funeral given to a commoner since that of the Duke
of Wellington. He was buried in Bladon churchyard beside his parents and within
sight of his birthplace, Blenheim Palace. The Family Man In the autumn of 1908
Churchill, then a rising Liberal politician, married Clementine Hozier,
granddaughter of the 10th Earl of Airlie. Their marriage was to prove a long
and happy one, though there were often quarrels – Clementine once threw a dish
of spinach at Winston (it missed). Clementine was high principled and highly
strung; Winston was stubborn and ambitious. His work invariably came first,
though, partly as a reaction against his own upbringing, he was devoted to his
children. Winston and Clementine’s first child, Diana, was born in 1909. Diana
was a naughty little girl and continued to cause her parents great distress as
an adult. In 1932 she married John Bailey, but the marriage was unsuccessful
and they divorced in 1935. In that year she married the Conservative
politician, Duncan Sandys, and they had three children. That marriage also
proved a failure. Diana had several nervous breakdowns and in 1963 she
committed suicide. The Churchills’ second child and only son, Randolph, was
born in 1911. He was exceptionally handsome and rumbustious, and his father was
very ambitious for him. During the 1930s Randolph stood for parliament several
times but he failed to get in, being regarded as a political maverick. He did
serve as Conservative Member of Parliament for Preston between 1940 and 1945,
and ultimately became an extremely successful journalist and began the official
biography of his father during the 1960s. Randolph was married twice, first in
1939 to Pamela Digby (later Harriman) by whom he had a son, Winston, and
secondly in 1948 to June Osborne by whom he had a daughter, Arabella. Neither
marriage was a success. The life of Sarah, the Churchills’ third child, born in
1914, was no happier than that of her elder siblings. Amateur dramatics at
Chartwell led her to take up a career on the stage which flourished for a time.
Sarah’s charm and vitality were also apparent in her private life, but her
first two marriages proved unsuccessful and she was widowed soon after her
third. Her first husband was a music hall artist called Vic Oliver whom she
married against her parents’ wishes. Her second was Anthony Beauchamp but this
marriage did not last and after their separation he committed suicide. In 1918
Clementine Churchill gave birth to a third girl, Marigold. But in 1921, shortly
after the deaths of both Clementine’s brother and Winston’s mother, Marigold
contracted septicaemia whilst on a seaside holiday with the childrens’
governess. When she died Winston was grief-stricken and, as his last private
secretary recently disclosed in an autobiography, Clementine screamed like an
animal undergoing torture. The following September the Churchills’ fifth and
last child, Mary, was born. Unlike her brother and older sisters, Mary was to
cause her parents no major worries. Indeed she was a constant source of
support, especially to her mother. In 1947 she married Christopher Soames; who
was then Assistant Military Attache in Paris and later had a successful
parliamentary and diplomatic career. Theirs was to be a long and happy
marriage. Over the years Christopher became a valued confidant and counsellor
to his father-in-law. They had five children, the eldest of whom (Nicholas)
became a prominent member of the Conservative party. Christopher Soames died in
1987. The Private Man Churchill’s enormous reserves of energy and his legendary
ability to exist on very little sleep gave him time to pursue a wide variety of
interests outside the world of politics. Churchill loved gambling and lost what
was, for him, a small fortune in the great crash of the American stock market
in October 1929, causing a severe setback to the family finances. But he
continued to write as a means of maintaining the style of life to which he had
always been accustomed. Apart from his major works, notably his multi-volume
histories of the First and Second World Wars and the Life of his illustrious
ancestor John, first Duke of Marlborough, he poured forth speeches and articles
for newspapers and magazines. His last big book was the History of the
English-Speaking Peoples, which he had begun in 1938 and which was eventually
published in the 1950s. In 1953 Churchill was awarded the Nobel Prize for
Literature. Churchill took up painting as an antidote to the anguish he felt
over the Dardanelles disaster. Painting became a constant solace and
preoccupation and he rarely spent a few days away from home without taking his
canvas and brushes. Even during his tour of France’s Maginot Line in the middle
of August 1939 Churchill managed to snatch a painting holiday with friends near
Dreux. In the summer of 1922, while on the lookout for a suitable country
house, Churchill caught sight of a property near Westerham in Kent, and fell
instantly in love with it. Despite Clementine’s initial lack of enthusiasm for
the dilapidated and neglected house, with its overgrown and seemingly
unmanageable grounds, Chartwell was to become a much-loved family home.
Clementine, however, never quite overcame her resentment of the fact that
Winston had been less than frank with her over the buying of Chartwell, and
from time to time her feelings surfaced. With typical enthusiasm, Churchill
personally undertook many major works of construction at Chartwell such as a
dam, a swimming pool, the building (largely with his own hands) of a red brick
wall to surround the vegetable garden, and the re-tiling of a cottage at the
bottom of the garden. In 1946 Churchill bought a farm adjoining Chartwell and
subsequently derived much pleasure, though little profit, from farming.
Churchill was born into the world of hunting, shooting and fishing and
throughout his life they were to prove spasmodic distractions. But it was
hunting and polo, first learned as a young cavalry officer in India, that he
enjoyed most of all. In the summer of 1949, Churchill embarked on a new venture
– he bought a racehorse. On the advice of Christopher Soames, he purchased a
grey three-year-old colt, Colonist II. It was to be the first of several
thoroughbreds in his small stud. They were registered in Lord Randolph’s
colours – pink with chocolate sleeves and cap. (These have been adopted as the
colours of Churchill College.) Churchill was made a member of the Jockey Club
in 1950, and greatly relished the distinction. Among Winston’s closest friends
were Professor Lindemann and the “the three B’s” (none popular with
Clementine), Birkenhead, Beaverbook, Bracken. The Churchills entertained
widely, including among their guests Charlie Chaplin, Albert Einstein and
Lawrence of Arabia. Churchill regularly holidayed with rich friends in the
Mediterranean, spending several cruises in the late 1950s as the guest of Greek
millionaire shipowner, Aristotle Onassis. Editorial note Much of the
information presented here was originally compiled by Josephine Sykes, Monica
Halpin and Victor Brown. It was edited by Allen Packwood. Dmitro Vyshnevetskyi
no denki. Dmitro Baida Vyshnevetskyi Dmitro Baida Vyshnevetskyi Dmitro
Vyshnevetskyi no seitanbi wa seikakuni wakatte inai. Rekishi ni wa, kare ga
koushu Ivan Vyshnevetskyi to, kanojo no tsuma de ari Ostroh koushaku no musume
de atta Anastasiia Semenivna no chounan datta koto dake ga shirusarete iru.
Dmitro Vyshnevetskyi no namae ga ukraine no rekishi ni hajimete arawareru no wa
1545-nen de, Kremenetsu jou no kenshou no sai no koto de aru. Tsugi no kiroku
wa 1548-nen ni arawareru. Sono toki kare wa, Ochakiv jou no ryouchi ni
shinshutsu sakusen wo okonai, sono chi wa takai choutei no shihai ni atta.
1551-nen, ou Sigismund II August wa Dmitro Vyshnevetskyi wo, Cherkasy oyobi
Kaniv no joutou no machi no joushu ni ninmei shita. 1553-nen, Dmitro wa
Sigismund no keikoku ni mo kakawarazu, jibun no shikin de Mala Khortytsia no
shima ni fortresu no kensetsu wo hajimeta. Soko ni wa kozaku-tachi ga atsuma ri
hajime, kono fortresu ga tatari no shinshutsu ni taikou suru tame no saizensen
no you na sonzai ni naru hazu datta. 1990-nen kara 2000-nen ni okonawareta
koukogaku oyobi suirigaku no chousa no kekka ni yoru to, kono shima wa,
Khortytsia no nishi ni aru Baida tou to onaji mono to kangaerarete iru.
1553-nen no natsu, Vyshnevetskyi wa, minna no yosou ni hanshite Mala Khortytsia
wo totsuzen hanare, gun wo hikite Sutanburu e mukatta. Soko de kare wa han
toshikan ni watari, sultan Suleiman I ni tsukaeta. Kono koudou no douki wa ima
demo meikaku ni natte inai. 1554-nen, Toruko kara modotta nochi, kare wa
Warshawa e mukai, jitaku shita fortresu de tatari ni taikou suru you ni shirei
wo uketa. 1556-nen, Vyshnevetskyi no kozaku-tachi wa, kare no shidou no moto de
jiritsu-teki ni Aslam-gorod wo kougeki shita. Sono kekka, jou wa senryaku sare,
naka no takaramono wa subete Khortytsia e hakobareta. 1557-nen, han
Devlet-Girei wa, Vyshnevetskyi wo jibun no mikata ni hikiyoserou to shitaga,
kare wa sore wo kyohi shita. Sono kekka, han wa zenkoku no orda wo shoushuu
shi, Khortytsia no fortresu wo seisuru kokoromi wo okonatta. Fortresu no houi
wa 24-nichi ni oyobi, sono nochi tatari wa ookina songai wo uke, koubu seざる wo
enakatta. 1557-nen no natsu, han Devlet-Girei wa futatabi fortresu no seisatsu
wo kokoromita. Kare ni wa fune de kitata Toruko gun oyobi Morudova no engo ga
tsuita. Fortresu wa kanzen ni houi sareta. Shikashi manonaku, shinryaku-gun mo
boueisha mo shokuryou busoku no tame, fortresu wo akirameru hokanaku natta.
Sono kekka, kozaku-tachi wa chiisana han ni wakarete Toruko-tataru no bouheki
wo nusumi nuke, Dnieper gawa wo ue ni nobotte Cherkasy e mukatta. Fortresu wa
kaisou sareta. 1558-nen, Kurimu tairei e no sakusen oyobi Rito Kyowakoku to no
koushou ni muketa junbi ga hajimatta. Vyshnevetskyi wa Mosukuwa no gun to tomo
ni susumi nagara kozaku-tachi wo shouhei shita. Kare-ra wa Kurimu e no
shinshutsu wo keikaku shita. Han wa zenpei wo Perekop no ura ni hikage, bouei
ni sonaeta. Shikashi totsuzen, Vyshnevetskyi wa Mosukuwa ni shoukan sareta.
Soko de kare wa Don-gawa oyobi Kaukasasu no chiiki de no hikyou na sakusen wo
meijirare, sono naka de Cherkassk ni fortresu wo kensetsu shita. 1561-nen,
Vyshnevetskyi wa Mosukuwa to no kyouryoku no tame, Rito Kyowakoku de
uragirimono to mitonasa reta. Shikashi, kare wa sono chii ni manzoku sezu,
kozaku-tachi wo hikite Dnieper gawa ni mukai, Monastyrs'kyi tou ni tachiyotta.
Soko de kare wa, Rito Kyowakoku no ryouchi ni anzen ni taizai dekiru you,
jishin oyobi doukou no mono no tame no kakushobunsho wo dai-koushaku ni motome,
shikaku wo eta. Sigismund wa yorokonde kare wo mukae ire, sono nochi
Vyshnevetskyi wa omoku byouki ni ochitta. Kare wa doku wo morarareta no dewa
nai ka to utagai, koushaku jishin no kenko wo mimamoru ishi-tachi no shuju wo
ukeru koto ni natta. 1562-nen, Vyshnevetskyi wa shisetsu to tomo ni Mosukuwa ni
otozure, oukoku ni taisuru hantai doumei no keizoku wo ouyou suru you koushou
shiyou to shita ga, mokuteki wo tassei dekinai mama, futatabi Porando ou no
haika ni modotta. 1563-nen, Vyshnevetskyi wa Porando no daikizoku Laski to tomo
ni Morudova e shinshutsu shita. Sono koro, Morudova de wa boyarou-tachi no
naikassen ga okori, oui wo meguru arasoi ga tsuzuite ita. Tatakai no hitotsu
de, Vyshnevetskyi no gun wa haiboku shi, kare jishin wa horyo to natte
Sutanburu ni tsurerareta. Hetman wa Toruko no gun ni kutsujoku suru koto wo
kotowari, kizoku Piasecki to tomo ni shokei sareta. Dmitro Baida Vyshnevetskyi 


Money & Markets
Why Gold Is Suddenly Looking Interesting Again

Investors are watching gold as inflation, currencies and geopolitical
uncertainty keep markets guessing.
August 29, 2026 • 3 minute read
Gold has become one of the quiet winners of this year's uncertain market
environment. Central banks continue to accumulate the metal, while investors
are paying close attention to inflation, government debt and currency movements.

Unlike a company, gold does not generate earnings or pay dividends. Its
appeal comes from something very different: the belief that it can preserve
purchasing power when confidence in currencies or financial markets weakens.
Interesting Fact
Central banks have been an important source of gold demand, making the
current gold story about much more than individual investors buying coins and
bars.

Why Central Banks Care

Governments hold foreign-exchange reserves for financial stability. Gold
offers a reserve asset that is not directly tied to the credit of another
government.

That makes it particularly interesting during periods when countries are
thinking more carefully about their dependence on major currencies.
The Bigger Idea
Gold's popularity is partly a reflection of uncertainty. When investors
cannot predict inflation, interest rates or geopolitical developments, an asset
with a very long financial history can become attractive.

Of course, gold can fall too. It produces no cash flow, and its price can be
sensitive to interest rates and the strength of the dollar.

But its renewed popularity tells us something about investor psychology: when
uncertainty rises, people often value assets they believe will still have value
decades from now.

Quick Question

If you had to protect your savings for 20 years, would you choose gold,
stocks, property or cash?
Reply With Your Answer
<mailto:[email protected]?subject=William%27s%20Business%20Brief%20-%20Gold>

 




William Keller, editor

at Williams Advises


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