Gold is an unproductive asset The character of gold ownership is that when you buy equity,
you are giving money to somebody to run a business Indirectly, you are giving it to an equity fund, which in turn is given to a fund manager,
who in turn gives it to somebody Debt is lending money to somebody who is putting it in some business and giving you interest Gold still sits somewhere,
whether in your locker or whether in a bank's locker It remains unproductive But, gold has added a new dimension Central banks are buying gold as a hedge in such large quantity that has supported,
that is a new stream of ownership which has become visible Every central bank has gone about printing money into such an extent that the worth of the fiat currency,
the currency that we hold, is going down So, gold is emerging as something which is a superior store of value Gold has added a new dimension to it that central banks are buying, and that is why it has been able to guard its price It has appreciated and it looks promising