John Authers, Columnist

Gold-Dinger — Debasement With a Midas Touch

After a big year, the sudden price drop may signal the run’s final phase, but not the top.

Handle with care.

Photographer: Sven Hoppe/picture alliance/Getty

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Gold is a heavy metal and it must be handled carefully. Visitors to the New York Fed’s vaults who want to hold a gold bar must wear specially reinforced shoes. Otherwise, if they drop the bar, they might no longer have a foot.