[Sumner]

Gold has no value as it can’t be used for anything, you dig it up and bury it! It is only perceived as having value. Only about 55% of gold is used, the rest is in vaults. Price rises when there is demand, and demand is fuelled by uncertainty in other markets. Now markets are rising (due mainly to global QE) gold is not now required as a hedge as better profits can be made on the markets.
if the markets stall again for whatever reason, economic or political, then gold will be in demand again and rise.

Bob

[Sumner]

Well done raul . A precursor to the euro collapse.?

[Author]

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