Gold is where money runs when it's scared. That's what we found in the autumn of 2008, when the banking crisis unfolded. Gold has such strong cultural resonance – from Midas to Goldfinger – that it is hard to regard it rationally. And so when the price soars, or plunges, there is a temptation to try to extract some grand message for humankind: what is the plunge saying about the state of the world economy?
Well, maybe nothing. Gold is a market just like any other, in the sense that it is driven by supply and demand...........................................Full Article: Source
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