Sunday, December 22, 2013

Still lots of reasons to hold gold

This from The Telegraph in London. Note the paragraph about Gresham's law. Important.
The market price of gold might have fallen during the year but hoarding of the precious metal by individuals and central banks is approaching record levels. 
In trading terms, it has been a tough year for the yellow metal. The price has fallen 28 per cent in 12 months. But the fundamentals, characteristics and attractions of gold are undiminished because we are in times of extreme intervention by governments, the outcome of which is completely unknown. 
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