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James Grant: The Case for Buying Gold
“Ancient or modern, gold holds its value,” writes James Grant. “It is scarce, lovely, and unhackable.” (Photo by James Leynse/Corbis via Getty Images)
‘Monetary disorder, political upheaval, disarranged public finances, and war are its mother’s milk, and the gold price has duly risen.’
By James Grant
04.21.25
18
28

Gold soared past $3,400 an ounce on Monday, setting a fresh all-time record amid growing economic and political turbulence.

President Donald Trump’s tariff blitz, the escalating trade war with China, and inflation fears all helped to fuel the rally. Last Thursday, Trump threatened Federal Reserve Chair Jerome Powell, demanding that the central bank lower…

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James Grant
James Grant is the founder and editor of Grant’s Interest Rate Observer. His most recent book is Friends Until the End: Edmund Burke and Charles Fox in the Age of Revolution (W.W. Norton).
Tags:
Currency
Economics
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