An old bond strategy is new again — and it’s good as gold
A fledgling operation is hoping to turn back the clock by introducing gold bonds that are purchased and repaid with actual gold, a common practice about 90 years ago before FDR’s Gold Reserve Act put the kibosh on all the fun.
January 13, 2021
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If you already thought gold investing was a fringe strategy, you might want to sit down for this one.
The company, Monetary Metals & Co., already has one deal under its belt and is jockeying to gain traction by reminding folks that this was a common practice about 90 years ago before FDR’s Gold Reserve Act put the kibosh on all the fun.