Despite the fact the most governments are no longer on the Gold Standard, it appears that most investors still rely on the commodity when they are uncertain about the value of their cash or other investments.
Interesting fact:
On Tuesday, spot gold hit an all-time high at $1,267.20 an ounce. Bullion has quintupled since 2000 when it was trading at about $250 an ounce.quintupled = 400% increase in value
