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Mark Gilbert

True Gold Bugs Care About Value, Not Price

To an advocate of the role gold plays in investing, its recent price performance should be irrelevant.
Not so fine. Which is fine.

Not so fine. Which is fine.

Photographer: Chris Ratcliffe/Bloomberg
Corrected

The price of gold has fallen by almost half since it reached nearly $2,000 per ounce four years ago -- that was a sixfold increase from 1999. In the past year alone, the precious metal has dropped more than 15 percent. But there's good reason that Tim Price, who owns the yellow stuff on behalf of the clients at PFP Asset Management in London, couldn't care less.

QuickTake The Rise and Fall of Gold