Sprott: Debunking the gold bubble myth
The actual amount of new investment into gold since 2000 represents only 0.1% of current global financial assets, says the Canadian asset manager.
By Eric Sprott & Andrew Morris
Gold’s continuous ten-year rise hasn’t sheltered it from controversy. Despite producing consistent returns in virtually all currencies year after year, some market pundits still question its validity as an asset class. It’s true that gold doesn’t pay any interest, and it’s also true that much of the gold produced throughout history still exists in some form today.