Times Are a Changing for Gold

During the credit crisis and Great Recession, investors could not get enough gold. Demand for the precious metal surged as investors sought gold’s safe haven status. That eventually brought prices up to record highs of nearly $2,000 per ounce. Predictions of $5,000 and even $10,000 per ounce dotted headlines. The SPDR Gold Shares ( GLD ) became one of the largest exchange traded funds and various funds began paying some pretty rich dividends.