The Past, Present and Future of Gold
Posted on February 16, 2023
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A few things about history have to be said before delving deep into it. We’ll avoid Napoleon’s quote and instead say that history should be taken with a grain of salt. And we generally have a worse idea of what transpired the further we go back, especially when talking centuries.
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This really casts doubt on everything we think we “know” as history. What is a metric for the degradation in “history”? Is it 1% per year or 5%? Or does it vary with the topic being remembered?