Gold Finds Its Bid

By |2014-02-11T16:02:14-05:00February 11th, 2014|Commodities, Currencies, Federal Reserve/Monetary Policy, Markets|

We spend a lot of time and effort decrying the state of conventional wisdom around here, but for good reason. For gold, convention posits a store of value that is demanded greatly in times of inflation, and as such is a reliable alternate measure of it. In terms of exchange, that would mean investors increase their preference for “moneylike” assets [...]