Fire is the test of gold
Seeking Alpha/Talley Leger – Invesco
“In a physical sense, gold is a tangible and quantifiable substance, given its limited supply on planet Earth. Gold is so rare, in fact, that estimates suggest the entire global stock of gold would fit into two to three Olympic-sized swimming pools.1 Just like any other asset, however, its value can be influenced by forces other than mining and production, including human emotions.”
USAGOLD note: More of Invesco’s rationale for gold ownership at the link – a solid overview for newcomers to the market.
Repost from 9-8-2020