Adrian Ash: Is it fair to characterize gold bullion as an investment...? WHY BOTHER investing? Five years into the financial crisis – and more than a decade after the US market hit its big top in real terms – you might well ask. Especially now that cash, bonds, Treasuries and stocks pay between zero and sweet
Adrian Ash: SO GOLD BULLS are turning bearish. But not really. "A number of things which would have kept people with an eye on the upside for gold prices have now been neutralized," says RBS's Nick Moore, who cut the state-owned UK bank's 2012 targets for precious metals other than gold in January.
Adrian Ash: THANKS TO HINDSIGHT, the bull market in gold which followed Richard Nixon unpegging the US Dollar, and therefore the rest of the world, from its last pretence of a Gold Standard sounds as inevitable today as Jimmy Page's solo in Stairway to Heaven, also a 1971 classic.
Adrian Ash: Was the People's Bank of China really buying gold at the rate of 1 ounce in every 8 sold worldwide last quarter...? SO THOSE MILITANT crazies known to the mainstream media as "gold bugs" – and to the FBI as subversives – got the headline they've been longing for, apparently, last week.