Fundamental flaws: All that glitters may not be gold

摘要

The nearly decade-long ascent in the price of gold has been accompanied by an unprecedented display of passions regarding this unique yellow metal. All conceivable aspects of gold's trading patterns, as well as its current and future functions in the economic and monetary system of the world, have been scrutinized and hotly contested. The global financial crises in recent years have furthered the extremism manifested in such discussions.