by Simon Black, Sovereign Man:
The price of gold is up nearly $100 since Christmas, reaching around $1,575 per troy ounce as I write this letter.
This most recent price bump is due to the panic over Iran. But the gold price is up nearly 20% over the last year, so there have obviously been plenty of other factors driving the price higher before the Middle East started flaring up again.
And there will be plenty more after these tensions cool down.