Brett Arends: Donald Trump made a case for gold -- and no one noticed
By Brett Arends
MarketWatch.com, New York
Wednesday, January 20, 2016
Investors in gold bullion have been suffering brutal losses for more than four years.
The price of gold has nearly halved since its 2011 peak, falling from $1,891 an ounce to just $1,094 today. But last week, for the first time in a long time, there was a bit of good news. Thanks to Donald Trump.
In a remarkable but little-noticed, exchange during Thursday's Republican debate, the Republican front-runner opened the door to wider currency wars against America's main trading partners if he is elected president. And although Trump's preferred means of retaliating against the likes of China and Japan is apparently through a tariff, similar ends can be achieved far more easily by driving down the value of the U.S. dollar.
And that must surely be positive for gold bullion, the one currency in the world that nobody can print. ...
... For the remainder of the report:
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