I’ve mentioned before that I don’t get gold. I’ve been reading a few bulletin boards and I can’t help but think another huge bubble is building, pumped up by a load of retail Johnnies being seduced by the notion that gold is something of value.
UK gold buyers are lucky that its value has not dropped against sterling like it has against the dollar. However, if you accept that gold is a currency, which it may be, then the gold buyers would have been better off just selling cable.
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