Gold’s had its day in the sun: economists

There appears to be an undeclared tug of war between gold bugs and economists over gold’s role in portfolio performance. Those sold on gold insist there’s never been a better time to buy the yellow metal, but a report in The Globe and Mail says economists argue gold’s glorious days are now in the rearview […]

By Staff | February 21, 2013 | Last updated on February 21, 2013

1 min read

There appears to be an undeclared tug of war between gold bugs and economists over gold’s role in portfolio performance.

Those sold on gold insist there’s never been a better time to buy the yellow metal, but a report in The Globe and Mail says economists argue gold’s glorious days are now in the rearview mirror.

The economists quoted in the report refute every supporting logic – from currency wars to quantitative easing and central banks’ bullion-buying spree – offered by those in the gold camp.