“During a 12-year bull market, the metal was promoted as a hedge against inflation, a store of value and a spectacular investment in its own right, gaining more than sevenfold. Its rise resembled historic moves like the Internet stock bubble of 1999-2000.” See: “Losing faith in gold from Ghana to Vancouver”
And then like every other speculative bubble in history, the gold bubble burst in 2011 just as believers were most confident that prices could only go up…
Neil Young’s After the gold rush comes to mind. (Which just happens to be a key staple of my Karaoke repertoire. Seriously…I do a mean Neil.)
;
