Is Gold a Commodity?

by James Turk

Here’s a question that might have you pondering: Is gold a commodity?

More importantly, are we doing a disservice to the gold industry by calling gold a commodity? These may sound like silly questions, but hear me out.

Last month I participated as a keynote speaker at the Asia Mining Conference in Singapore. There were a number of presentations in which gold was mentioned along with lead, zinc, copper and many other commodities, including soybeans and other agricultural products. These presentations then looked at annual supply and demand data in order to analyse their price.

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