Shiv Kapoor

Gold Price and Gold Volatility

I can see the appeal of gold as a financial hedge or as an investment to preserve value. However, my problem with gold is that since the world abandoned the gold standard in favor of fiat currencies, there is no demand for the physical commodity other than from the jewelry industry in India. Even this demand will reduce over time as more asset classes become available to the populace. I cannot bring myself to invest (or speculate) in a commodity for which I can see no future.