Gold prices have recently hit an all-time high, but is gold really a good investment? In an interview for CBC Radio’s Cost of Living, Ivey Professor Steve Foerster, HBA ’81, discusses why gold is such an enduring investment. He said gold’s strong history is a factor.
“If everybody changed their thinking, then gold wouldn’t have any value except for being a nice shiny object – nice to look at. But I don’t see that happening in the near term. I don’t even see that happening in the long term either because gold has such a strong history,” he said.
Listen to the full interview on CBC Radio’s Cost of Living by clicking the link below, beginning at the 9:50 mark.
