Gold has a fanatical audience, and it has had that audience as the generations have rolled through even though the gold fans of my childhood have long since passed away. For gold lovers it is the ultimate money, the value of which is incorruptible, and when it seems cheap to them they want to buy more and simply say the world is wrong about its value and that situation will change.
Since lows around $200 in the 1990s gold has indeed done very well, but that ascent has come to a halt.
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