Game Theory for Gold

Fergus Hodgson, January 21, 2019 rss iTunes SoundCloud-logo BitchuteBrighteon

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For centuries, gold bugs and investors have touted the yellow metal’s qualities as money and sought to analyze the fundamental trends behind its price. Since the end of the gold standard, however, it has morphed into an asset to protect against government mismanagement.

What drives the gold price today is market confidence in the Federal Reserve (or lack thereof), argues Ben Hunt, co-founder of Second Foundation Partners, which publishes Epsilon Theory.

Harnessing the power of game theory, he has devised a system to analyze the language of central bankers and other information agents, which has become an economic-policy tool in its own right since the Great Recession.

game theory for gold

“Gold was money 100 years ago; it is not the meaning of gold today,” says Hunt. (Flickr)

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Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.