Why the case against gold is wrong

A number of economists have made the case for why investors should shun gold. They are all dead wrong, says Jim Rickards.

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Central banks don't need to dig to get their hands on more gold

It's no secret that I am a big believer in gold.But today I want to take a look at the case againstgold.Starting from a low of about $250 per ounce in mid-1999, gold staged a spectacular rally of over 600%, to about $1,900 per ounce, by August 2011. Unfortunately, that rally looked increasingly unstable towards the end.

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