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Today’s the day for gold bugs

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Baltimore (TFN): Today’s the day. If you have ever hunted for undersea gold, you likely know Mel Fisher’s famous mantra. The great shipwreck hunter used the line thousands of times before it became the undeniable truth on the day he uncovered the “Atocha mother lode.” While today’s record-breaking surge in gold prices is not likely to create $450 million in newfound wealth for any singular investor, it is the day gold bugs have been waiting for. Thanks to surprising news that India’s central bank shelled out some $6.7 billion to get its hands on 200 metric tons worth of the International Monetary Fund’s (IMF) gold stash, the bullion market is on fire today. Why is this good news? Several reasons. First, since India’s name is on the receipt, China will have to wait in line to ...

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