Young Research & Publishing Inc.

Investment Research Since 1978

Compensation was paid to utilize rankings. Click here to read full disclosure.

  • About Us
    • Contributors
    • Archives
    • Dick Young’s Safe America
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Retirement Compounders®
  • Free Email Signup

Trust in Money, Store of Value

November 20, 2017 By E.J. Smith

Image used under license from Shutterstock.com

How is the trust level in our current monetary system as a “store of value?” Not good, especially if the price of bitcoin or record art sales are any indication of investors looking for places to stash their money.

Life Comes at You Fast. Slow It Down with My Friday Email. It’s Free.

 

Da Vinci Christ Painting Sells for $450 Million

Bloomberg’s Katya Kazakina writes:

“Jesus Christ.”

That was the reaction of mega art dealer Larry Gagosian after a rediscovered painting by Leonardo da Vinci became the most expensive work ever sold, soaring to $450.3 million at a Christie’s auction in New York on Wednesday.

Alex Rotter, the auction house’s co-chairman of postwar and contemporary art in the Americas, placed the winning bid on behalf of an unidentified client after a 19-minute war that saw offers at $200 million, $300 million and $350 million fall short. The result obliterated previous world records for an art sale of any kind, including the auction mark of $179.4 million for a Pablo Picasso painting sold in 2015.

Read more here.

Originally posted at Yoursurvivalguy.com. 

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • Will You Outlive Your Money?
  • Trust in Money, Store of Value, Part II: Bitcoin, Dollars and You
  • Two Strategies to Avoid Outliving Your Money
  • Author
  • Recent Posts
E.J. Smith
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@youngresearch.com

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith (see all)
  • It’s California vs. Florida in the Big State Debate - November 29, 2023
  • Can the Supreme Court Stop Wealth Taxes Before They Start? - November 28, 2023
  • Are Investors Ready to Pounce? - November 27, 2023

Search Young Research

Most Popular

  • Can the Supreme Court Stop Wealth Taxes Before They Start?
  • It's California vs. Florida in the Big State Debate
  • The Power of a Compound Interest Table
  • Are Investors Ready to Pounce?
  • Home Sales Slump as Prices Hit New Highs
  • China Proposes Massive Integrated Super Port Across Islands
  • A New Top Dog in the Delivery Business
  • Young Americans Tighten Their Belts as Boomers Consume
  • Happy Black Friday
  • Payment for Gifts Is Upending Retailers

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”

The Importance of a Balanced Portfolio

Invest with Peace of Mind and Comfort

RSS The Latest at Richardcyoung.com

  • Who Can’t Afford to Live in NYC
  • It’s California vs. Florida in the Big State Debate
  • Could Ammonia Be the Next Great Fuel Source?
  • In Luxury Home Goods Recession, Arhaus Charts a Course for Success
  • Losing Sleep over Losing Sleep
  • Can the Supreme Court Stop Wealth Taxes Before They Start?
  • Big Tech Censorship Scandal Demands Less Government, Not More
  • What Do You Know about Glycine for Virus Treatment?
  • What Murray Rothbard Knew about the Kennedy Assassination
  • Evil

RSS The Latest at Yoursurvivalguy.com

  • It’s California vs. Florida in the Big State Debate
  • Shiffrin Brings It Home with World Cup Win at Killington
  • Prepare for Solar Storms in 2024
  • Can the Supreme Court Stop Wealth Taxes Before They Start?
  • Families Can’t Save Enough
  • Biden’s Inflation Blame Game
  • Are Investors Ready to Pounce?
  • Disney Signals Problems with the ESG Agenda
  • Biden Gave Americans 10 Years of Inflation in Only 3
  • Happy Black Friday

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Copyright © 2023 | Terms & Conditions

 

Loading Comments...
 

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.