Why investors are going gaga for gold

Financial Times/Gillian Tett/5-19-2023

cartoon image of a surprised goosed laying a golden egggraphic image of a book and reading glasses A Good Weekend Read“How can an investor protect themselves against a US government default? Once, that was a crazy question to ask. But today the bizarre has become almost normal in American politics.”

USAGOLD note: Though Tett focuses on gold’s safety in the context of the debt ceiling wrangle (which she sees as still unsettled), she also sees major changes underway in the way both private and professional investors view the metal in the context of longer term economic and financial trends.

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