Gold has held a special place in the global economy for millennia. While almost everything else has changed in the two thousand years since the birth and death of Jesus, the relative value of gold has remained constant.

The price of gold certainly fluctuates over time and relative to historical circumstance, but whenever there is a perception of economic or social risk, the price of gold always rises. The increase in gold prices from $575 per ounce in late 2006 to $1837 in mid-2011 as the Financial Crisis unfolded illustrates this relationship.

As the perception of risk related . . .

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