In light of gold’s (GC=F) flash crash on Monday, with the commodity dropping to its lowest price since March at $1,730.13 an ounce in New York by late afternoon, some investors may be growing wary about its efficacy as an inflation hedge in the near term. According to J.C. Parets, Allstarcharts.com founder and chief strategist, gold has become one of the worst investments over the past year. “Nobody wants your rocks, right? I mean, that’s the theme … the gold bugs have come up with… Source link
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