What drives the price of gold?
The history of gold is fraught with folly and peril, obsessions and blind faith. Our powerful, deeply-embedded beliefs have driven us to pay unimaginable prices during lusty bubbles while at other times leave gold forgotten in the gutters of global finance. For over a century, rational investors have struggled to understand why, and more importantly, how to profit.
After a brief romp through the 6,000 year history of gold, laying the foundation for the origin of our misconceptions, Jeffrey methodically constructs a new framework for analyzing gold and...