by Daily Bell Staff
The Daily Bell
A Warning for Gold Bugs: This Rally Won’t Last … Gold prices surged 16.5% in the first quarter … Gold investors should enjoy the party while they can. – Wall Street Journal
This small article is incorrect in some big ways.
It’s negative about gold despite the surge (or perhaps because of it) and predicts gold is headed back down against the dollar.
It also claims that “gold doesn’t have any intrinsic value.”
Unlike stocks, the article reminds us, gold does not represent the value of something else, something larger, the way equity does.