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Gold: What Is It Good For? Absolute Value Or Absolutely Nothing?

Posted on 01 June 2016

Gold bullion is up 15% so far in 2016. This rise is particularly interesting when you consider that the derivatives of gold, such as gold and silver mining companies, have bounced off of even deeper lows than the metals far more aggressively.
For instance, the NYSE ARCA Gold Bugs Index, a representation of the mining companies, is up over 80% YTD. Conversations about gold often resemble an argument about religion with the believers and the non-believers rarely seeing eye to eye. Typically, the believers are so adamant that the non-believers are left with only one conclusion: being long gold is similar to joining a cult………………………………………..Full Article: Source


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