Gold: 1980’s Highs May Dampen 2011’s Enthusiasm
Gold’s price is up, but what about its value? We know gold is supposed to protect us from inflation, but where does that protection begin and end?
Gold’s claim to fame: Store of value
The investable quantity of gold remains relatively static. In addition, gold doesn’t age and it has a history of trade acceptance. Therefore, gold is viewed as an excellent store of value. However, gold may be good at storing (keeping) its value, but just what is that value?
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This article is on SeekingAlpha.com
