JAMIE CARR: Gold steadies the ship
Gold has a handy tendency to rocket in value when every other asset class is falling apart
Fans of the bustling metropolis of Johannesburg should be eternally grateful to the thumping great asteroid that ploughed into Vredefort about 2-billion years ago.
The impact was monumental, causing a crater with a diameter of 300km, and distorting the Witwatersrand basin to such an extent that it produced the outcrop in Johannesburg where gold was discovered back in 1886. This strike produced 22% of all the gold that exists today on Earth, and without the helping hand from the asteroid it would probably still be lurking deep underground.