Gold’s steady rise suggests it’s becoming the fallback asset of choice, with other havens failing to deliver as they once would. After breaking through the psychological barrier of $3,000, momentum has only increased. BlackRock’s Evy Hambro says the precious metal is a wise choice for a store of wealth, arguing that if you could buy an Apple iPhone with gold, it would cost you 30% less today than it did when the first iPhone was first released, despite a retail price which has tripled.
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