“Gold is money. Everything else is credit,” John Pierpont Morgan famously testified while giving evidence to a congressional subcommittee. Investors and market watchers have long regarded precious metals as the ultimate safe haven, a place to fall back on when the world seems to be going to hell in a handcart. This year, jitters around inflation, geopolitical unrest, and a potential US stock market bubble have all helped turn the gold chart into the shape of a hockey stick. An ounce of the coveted soft metal is – at the time of…
