Gold does not consistently glitter, but you wouldn’t apperceive that from surging common absorption that has angry the chicken metal red-hot.
Gold has become awful admired bling, as afraid and adroit buyers alike, from hedge-fund players to axial bankers, army to the “currency of fear.” Gold at about $1,400 an ounce is about bifold what it allowable two years ago, and gold’s amount is up about 25% so far this year alone.
It’s been a abundant ride. Except gold is a bad investment.
Gold’s feverish run has fabricated a lot of bodies a lot of money, and admitting the assemblage has taken a blow in the aftermost few days, there’s no curtailment of flag-waving supporters who affirmation gold is on a advance to $1,600, $1,800, $2,000 and beyond. After all, gold is still able-bodied beneath its 1980 peak, back it was account about $2,300 an ounce in today’s dollars.
