Compass Wealth matters

Welcome to the inaugural post for this blog. While I am completely new to blogging, I have almost twenty five years of experience in the financial world and so sincerely hope that you find my summaries and observations of some interest. Gold: moving from sceptic to a (mild) enthusiast When people mentioned investing in gold, I'd always thought of line that Warren Buffet apparently gave during a speech to Harvard business students in 1998 :  “ It gets dug out of the ground in Africa, or some place. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head .” Similarly I'd always ignored analyst speculation as to what the price "should be". They never seemed to be even close to what it turned out to be. The other central reason given for investing in gold never seemed to be borne out in reality either.   It's an "inflation hedge". So you whil...