BlackRock's Hambro: Are we missing a golden opportunity?

Gold is one of the world’s oldest currencies and has a differing set of drivers to the broader commodity complex, but these idiosyncratic qualities are not always fully appreciated. Although some may argue the current gold price environment merely reflects “a credit crisis-inspired bull run”, the yellow metal has made gains in each of the past 10 years (thanks to a variety of reasons). With gold recently touching all time (nominal) highs of $1,502/oz, we should examine in more detail some of its drivers in the current environment. Real asset The generalist investor may well see gold...