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Why gold is still the ultimate asset

$300bn is tucked away in vaults in and around London—here's why it makes sense to invest in gold

By Paul Wallace  

Gold may no longer back currencies but it has lost none of its allure. Astronomers recently added fresh lustre when they revealed that colliding neutron stars—as well as supernovae—are the universe’s gold factories. Less exotically, the disclosure that $300bn is tucked away in vaults in and around London appealed to our inner gold bug. But does it make any sense to invest in gold?

Even when the gold standard prevailed in the late 19th and early 20th centuries, the case for investing in the precious metal was weak. Gold was…

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