Gold is immutable and permanent. It is exactly as it was when the solar system was formed billions of years ago. It does not change. It doesn’t corrode, it does not tarnish. There is no other substance that is as constant as gold, and that is why it makes such a brilliant unit of account....
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The Professor
The new enclosure
How land commissions can lead the fight against urban land grabs When Boris Johnson sold the 35-acre Royal Albert Docks in London to Chinese buyers in 2013, it was...
The Professor
Amazon and Tesco’s checkout-free stores
A niche idea that won’t save the high street. There have never been so many different ways to shop for groceries. The biggest chains offer customers a choice of vast superstores,...
The Professor
A pandemic of armchair experts
How we decide who and what to believe We appear to live in an age of misinformation. Certain broadcasters and social-media celebrities openly promote fake facts or...
The Professor
A new idea emerges at COP26
In November 2021, 180 world leaders gathered in Glasgow, Scotland, for COP26, the United Nations’ annual climate summit. But once the wheels of their private jets had...
Political Insider
Germany: the three biggest issues facing Chancellor Olaf Scholz
Olaf Scholz is soon to be sworn in as the new chancellor of Germany after nearly two months of intense negotiations between the Social Democrats (SPD), Greens, and...
The Professor
AI shop assistants: get ready for a world where you can’t tell humans and chatbots apart
I regularly fly with KLM from Minneapolis to New Delhi, and always stop over in Amsterdam. I am frequently in Minneapolis for research and this is my route to go home to take a...
The Fund Manager
Why I am a sterling bull: part two
Am I availing myself of any old sterling excuse? In the interregnum between voting to leave the EU and actually doing so, I claimed the UK’s final exit would prove largely...
The Economist
What Covid means for the largest cities
Cities are central to property performance and the largest cities are seen as hugely important by investors. But the pandemic has turned many received ideas about real estate on...
Investor's Notebook
A glorious failure
When a clumsy attempt to muzzle German business journalists backfires. We always get slightly nervous at REFIRE when Germany goes all bullish on the stock market. It's not that...