What is Gold?
By GCRU Gold News on Sunday, April 9 2017, 02:22 - Permalink
The truth is that Gold cannot be simply defined as a currency, commodity, inflation hedge or safe haven. At various times it has been some/all of these things and at other times none of these things.
Gold is not a pure play on any one factor but the sum product of multiple factors.
Perhaps the most important thing we can say about Gold is that it is truly an enigma. Its behavior is unique in terms of its lack of sensitivity to economic activity and non-correlation to stocks and bonds.
To extract long-term value from Gold, embrace the enigma. Leave the storytelling to those whose job it is to come up with a reason for its every move.