Gold Back in Fashion? Why Precious Metal Has Made an ‘Amazing Comeback’

Saturday, April 23, 2016
By Paul Martin

Gold is coming back into fashion: ‘left for dead’ for almost four years it’s up over 50 percent this year, Manhattan-based financial writer Michael Brush notes. Does it mean the precious metal is ‘back for good’?

Gold has always been regarded as a secure haven for wealth and has played an insurance role in portfolios.

“Gold has always played an insurance role in portfolios — against global disaster, geopolitical meltdown or inflation,” Manhattan-based financial writer Michael Brush writes in his article for

The financial writer calls attention to the fact that although the yellow metal has been “dead” for at least four years, it “has suddenly made an amazing comeback: It’s up over 50% this year.”

Brush notes that now gold is seen as an insurance “against the possibility that central bankers will not be able to unwind all of their debt without creating big problems,” and envisions that the precious metal will go higher.

“Several gold investors who have enjoyed the ride so far believe the next move is up from here — possibly even taking out prior highs for the metal,” the financial writer stresses.

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