BLOG: Hitting the Brown Bottom

Gold has hit fresh high upon fresh high in recent weeks as investors flee rollercoaster markets in search of a ‘safe haven.'

The precious metal and traditional store of value burst through the $1,800 per ounce marker this morning, as investors fret over the outlook for France and its AAA-rating. Unsurprisingly, commentators are wondering how much further gold can go, and what the consequences for investors might be when the price inevitably returns to a more normal level. After all, what goes up must come down. However, while it is still climbing, and with the UK’s finances looking increasingly ugly, it serves as a painful reminder of how much cash we could have made if only our former Prime Minister hadn’t...