Every few months, gold or silver rips higher, and every few months the Wall Street Journal runs the same piece: a skeptical think-tank economist explaining why “this time isn’t different,” a chart showing gold’s “poor risk-adjusted returns” versus the S&P 500, and a closing paragraph reminding readers that metals pay no dividend. Rinse, repeat. It’s not…
Why the Wall Street Journal Will Never Be Bullish on Gold or Silver
