All That Glitters May be Gold

The 19th century philosopher Friedrich Nietzsche once had this to say about gold: "How did gold get to be the highest value? Because it is uncommon and useless and gleaming and gentle in its brilliance; it always gives itself."

I'm not quite sure what Nietzsche meant about gold giving itself, but the rest seems quite clear: Nietzsche was a fan of the yellow metal.

I'm old enough to remember the last bull market in gold during the 1970s. I worked in a bank then and I recall seeing people come in with their gold bullion to put in their safe deposit boxes. It seemed that everyone wanted gold.

Read More Here