Your Daily Bit of Wall Street Wit & Wisdom

Gold bars

Gold bars

“Gold is still significant.  I ask myself, if it’s a relic of a long history, why is there a trillion dollars held in gold by the world’s central banks plus the IMF and all the other financial institutions?  If it’s worthless and meaningless, why is everybody still holding it?”
— Alan Greenspan

A few weeks ago, we posted about gold.  The Midas metal continues to be a store of value and is trading at a 10-month high.

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