| Which metal has the most mettle? While they are all looking awfully brittle these days, the surprising answer is gold. In the past year and a half, the traditional store of value has lost a mere 16%—a smaller decline than seven other widely traded metals. Iron ore, for instance, is down 57%.
The reason that is odd is gold’s appeal, or lack thereof, in the current financial environment. When interest rates were zero, the opportunity cost of owning an unproductive lump of yellow stuff was low since returns on cash were minuscule...............................................Full Article: Source
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