The Golden Rule: He Who Has the Gold Makes the Rules

Investors often turn to gold as a safe haven during times of economic instability or geopolitical tension. Shutterstock

“O Gold! I still prefer thee unto paper, which makes bank credit like a bark of vapor.”—Lord Byron

NEWS FLASH: Gold prices hit a record high in March, breaking the critical $3,000 barrier. That’s almost double what they were at the start of this decade.

Introduction

The rise in prices comes amid escalating Middle East tensions and fears of a global trade war, along with weakness in the U.S. dollar.