The perception that they will hold value while other assets are in flux. Because they're, like, metal, and won't rot, turn into water, or dry up, or have their value crash because no one wants to live in Detroit.
Gold's value floats just like any commodity. Oil isn't going to rot either, but is famously volatile.
As I understand it, gold reliably appreciates in times of economic distress. Whether now is a good time to buy, seems like a question worth taking seriously.
As I understand it, gold reliably appreciates in times of economic distress. Whether now is a good time to buy, seems like a question worth taking seriously.