Gold is unique compared to most other assets: • It has no yield: Unlike bonds, stocks, or real estate, gold doesn’t generate income. This makes its price highly sensitive to interest rates. • It’s a hedge against inflation and currency weakness: Historically, when fiat currencies lose purchasing power, gold strengthens. • It’s a safe-haven asset: During crises — wars, recessions, banking shocks — investors rush to gold. • It’s liquid: Gold is traded 24/5 globally, with deep futures markets on COMEX and London OTC markets. Gold isn’t just about jewelry demand in India or China. Its price reflects global trust (or lack ... (full story)