Reasons for the Fearful to Be Fearful of Gold

Even after a four-year slide, the bottom may not be in sight.

At least it still glisters.

Photographer: Dario Pignatelli/Bloomberg
Have Gold Prices Found a Floor?

The stock market's dreadful January coincides with a chorus of predictions that the fall of gold has reached bottom from its lofty peak in 2011. Gold is the investment of the fearful, and there's fear of just about everything from recession to terrorism. Indeed, gold rallied 6.3 percent during the past six weeks.

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