Gold Becomes Insurance as the Dollar Falters

As the Dollar Falters, Gold Becomes Insurance, Not Speculation Economics trumps sentimentality, and gold’s elevated price has some people raiding the family jewelry box to pay bills.  “Young people are not wearing grandma’s jewels. Most of the young people, they want an Apple watch. They don’t want a pocket watch,” Tobina Kahn, president of House of Kahn Estate Jewelers told Bloomberg. “Sentimental is now out the door.” When times are tough, treasures change hands, the late Burt Blumert, once a gold dealer and Mises Institute Board Chairman, used to say. “Prices are high, and I need cash,” Branden Sabino, a thirty-year-old…