Gold Anti-everything

In a world of debauchable paper currencies, gold, as its advocates argue, is the only truly safe store of value. But so far only gold’s inverse relationship to the dollar has supported this article of faith. Over the past four years, every time the dollar has fallen gold prices have risen, almost in lockstep. This has made gold a nearly perfect «anti-dollar», if not anti-anything else. But now, since the European referendum, gold has become anti-euro too. For that matter, it’s become anti-yen an...