The FT’s Miles Johnson and Bryce Elder explain the drivers of the gold market during today’s Markets Live:
MJ: Yep. The logic of gold has always escaped me
MJ: There are no proper fundmentals, just sentiment, conspiracy theories and humanity’s subconscious belief that shiny things must be valuable.
MJ: It is an asset with no yield. And besides, if the apocalypse comes, what good will a bar of gold do you?
MJ: Can you sell it on the streets?
BE: You could club zombies over the head with it.