What is it about gold that makes people view it differently than any other asset class, creating an almost religious fixation* on the metal? As long-term monetary insurance, you would think that it would be among the more boring items; sort like insurance annuities. But that is not the case.
Gold is routinely propped up on a pedestal and obsessed upon in the world of money and finance. In actuality, gold is a geological element that has been deemed by humans to be money or to closely track monetary value, with a track record measured in centuries. Why, there it is on WebElements‘ element chart bracketed by things like Mercury, Cadmium and Copernicium, among other 'precious' metals. Continue reading "Gold Fixation"