From Cleopatra’s attempts to use alchemy to turn lead into gold, to California’s gold rush that drew hundreds of thousands of fortune seekers, gold has long been highly sought after. More recently, gold recently reached its all-time high, up over 16% this year, compared to the S&P up just 5%. Unlike other precious metals such as silver and platinum, gold has very limited practical uses. Most gold is used as either jewelry or currency. So why the sudden interest in gold among investors? This is a harder question to answer than you might guess. Kara unpacks in this week’s Money with Murphy.
