SIMON BROWN: It’s not too late to catch the gold run
Trend driven by inflation, uncertainty and central bank buying
24 April 2025 - 05:00
I was never a believer in gold. It peaked in the early 1980s and then spent the next two decades trending lower. In hindsight, the bottom for gold was the auctioning off of large parts of the stockpile by the Bank of England. It sold about 400t at under $300 between 1999 and 2002.
But even back then, my retort to the gold bulls was that I only bought a gold stock when closing a short trade...
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