MoneyWeek

A metal with magical powers

I am going to the Edinburgh Fringe this August to do one of my comedy lectures. This one is about gold: its history, its fascination, its future. It really is the most amazing metal, not least because it is, as Spandau Ballet famously sung, indestructible. Life may be temporary, but gold is permanent.

No other substance is as durable – not diamonds, not tungsten carbide, not boron nitride. You can shape this enormously ductile metal into virtually anything. An ounce of gold can be stretched into a wire 50 miles long. You can beat it into a leaf just

You’re reading a preview, subscribe to read more.

More from MoneyWeek

MoneyWeek1 min read
■ America’s Public Borrowing Is Out Of Control
US national debt is going “parabolic”, says Ambrose Evans-Pritchard in The Telegraph. Ratings agency Fitch says the combined US federal, state and local deficit was 8.8% of GDP in 2023 and will be 8.2% this year. Such large shortfalls usually only oc
MoneyWeek2 min read
The Asylum King Finds A Fortune In Shabby Hotels
“Hi-de-hi campers! There is a new head bluecoat at Pontins and he has got big plans for the future.” So wrote Zoe Wood for The Guardian in 2011 in what appears to be the only major newspaper interview ever given by hotelier Alex Langsam (pictured). B
MoneyWeek1 min read
Options Essentials Explained
An option is a contract that gives the holder the right (but not the obligation) to buy or sell an asset, such as a share, for an agreed price (the strike price), on or before a certain date (the expiration date). Call options give the holder the rig

Related Books & Audiobooks