Gold - a knight in shining armour

Dr Jack Gray  | University of Technology Sydney | 17 April 2012

Gold bugs promote gold as an investor's dream. Think of the case they put in terms of what gold offers – it is a permanent store of value, it's an alternative (if not the only) currency, it's a hedge against inflation, it's a diversifier, it's a hedge against chaos at the end of the world, it's a symbol of power and status – and, for now at least, the price is appreciating.

But does it deliver on those promises?

Diversification

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