Is Gold a Bubble Yet? And When Will It Burst?
What can the previous two gold bubbles of the late 1970s and early 2010s tell us?
A sign advertising the purchasing of gold and diamonds outside a jewelry store in Hatton Garden in London.
Photographer: Betty Laura Zapata/BloombergThis article is for subscribers only.
Welcome to the multi-award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
Gold keeps going up. No one is really sure why. But it has so far this year sliced through two big round numbers ($3,000 per ounce, and $4,000) like a knife through melting butter. (Though it did struggle mid-year with the $3,400 mark. Fibonacci fans, this is your moment for chartsplaining).