Through the ages, gold has been a hedge against uncertain times besides being a store of value. This precious metal is again in the spotlight as the world economy is experiencing turbulence that is unnerving investors. The all-powerful US economy is in recession; stock markets are depressed; inflation is high in most economies due to the third major oil shock and not the least important, the US dollar is headed southwards. With such turmoil, is it terribly surprising that there is a movement to the safe haven of gold? As the book’s title indicates, Shailendra Kumar is extremely bullish on this precious metal. "Gold is one of the very few assets that can survive every economic calamity that may befall, be that recession, depression, stagflation or hyperinflation, simply because it is money — the truest form of money. This is...
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