Prepared for the zombie invasion

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.

(Previously on JRE: Zombie Hillary Clinton, Zombie Jane Austen, more Zombie Hillary Clinton.)

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2 Responses to Prepared for the zombie invasion

  1. Andrew Ross says:

    I’d expect silver to be more useful in an apocalypse, since it would be useful against werewolves and vampires (and could still be used to club zombies with).

  2. Josh says:

    Funnily enough, silver is up nearly 40% since its low in mid-July – over the same period, the gold price has only risen by 12%.
    Is someone trying to hedge against a werewolf attack?

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