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Gold Isn’t the Big Trend

The Motley Fool reports in a December 2009 interview, with gold around $1,150 per ounce, the Bank of Korea's Lee Eung Baek said to Bloomberg: "There's an illusion in gold. We follow the big trend. Gold isn't the trend. Gold offers little value." Since then, the metal has appreciated over 40% against the dollar, and Mr. Lee is no longer responsible for reserve management at the Bank of Korea
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Gold Isn’t the Big Trend

The Motley Fool reports in a December 2009 interview, with gold around $1,150 per ounce, the Bank of Korea's Lee Eung Baek said to Bloomberg: "There's an illusion in gold. We follow the big trend. Gold isn't the trend. Gold offers little value." Since then, the metal has appreciated over 40% against the dollar, and Mr. Lee is no longer responsible for reserve management at the Bank of Korea