The Gold Standard's Achilles' Heel: A Problem of Returns, Not Purpose The recent downturn in gold prices has been a stark reminder that even the most stalwart hedges can falter when market conditions change.
Decades ago, investors turned to the SPDR Gold Shares (GLD) as a reliable way to gain exposure to physical gold bullion without having to store it themselves.
However, with gold's price stagnating in recent months, the feeble returns on GLD have become increasingly difficult to justify.