All that glitters is gold — but is that real glitter or the perceived imaginary value of said glitter?
When it comes to investing, is gold really worth its own weight in, well, gold?
Gold prices have recently hit an all-time high. To some, this is sweet validation. To others, it's baffling why anyone would still care about gold.
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The boilerplate response whenever gold prices go up is that it's a safe haven in times of uncertainty.
And right on cue, since the pandemic started gold is on a tear, recently trading at $2000 an ounce.
But it's not that simple. In the investing world, gold is divisive.
Detractors say gold doesn't do anything. Unlike a company that makes more money by making more stuff, gold is unproductive. It just sits there. But proponents believe this inertness is actually part of gold's special superpower.
We try and explain just what glitters about gold.
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