Are you sold on gold? The precious metal outperformed every major equity index in the world in 2008. The question is, can gold—and other precious metals—keep on flying? Or would buying today be buying high and selling low?

Precious metals have always been intriguing to investors because they tend to hold their value. In times of geopolitical crisis or currency devaluation, for example, the value of paper money might fluctuate, but a hard asset will always be worth something. As a result, historically, precious metals have been considered a “safe haven” in times of economic and financial instability.

That brings us to why gold is on a tear today. It declined in 2008 and early 2009 as panicked investors rushed into cash…

Gold fell to a one-week low on Tuesday, dropping sharply as the dollar strengthened broadly and crude oil prices tumbled, reducing the metal’s appeal as an inflation hedge.

There are a lot of forces impacting the gold market, yet prices are barely moving. Demand is soaring, but prices are dropping. What gives?

Tbilisi, Georgia

It was soul singer Edwin Starr who asked (and answered) the following rhetorical poser: “War. What is it good for?”

It didn’t take gold long to suffer the $100 decline we warned you about in March… and it’s not taking long for the decline to get worse. Gold is down $150 in the past six weeks.