Gold can provide protection against losses related to virus

An ounce of gold today is some Sh200,000 worth of purchasing power. FILE PHOTO | NMG

I once watched a funny video of a man in California trying to sell an ounce of recognisable gold coin. He was trying to dispose it of for $50, but he just could not find a taker. No one was willing to part with that kind of money for an ounce of gold.

At some point, he even dropped the price to $20 and still no one would take it. When he asked one of them why he wouldn’t pick the coin at that price, the guy answered: “I don’t need it”.

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