This lecture was broadcast a few years ago, so the numbers in the exhibits have changed. What has not changed is the reasoning about why one, in Larry’s opinion, should allocate a material amount of one’s wealth to gold. An allocation to gold is a bet, i.e., a speculation, not an investment, that the world’s monetary system will be reformed and that gold will play a role. Why U.S. Gold Eagles, whereby one takes delivery, are the best way to take a position in gold, because it offers one the best protection against counterfeits.
More Information can be found from Larry Parks HR1098 Congressional Testimony 9-13-11
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