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Rob Carrick’s Reader: Return of the gold rush

A pile of gold is pictured at a gold laboratory in the gold market in Khartoum July 15, 2012

Mohamed Nureldin Abdallah/REUTERS

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Gold: Love it or leave it
A look at how some of the standard arguments for holding gold as an investment don't stand up to scrutiny.

High gold prices have quietly fed a second California gold rush. The first wave came back in the mid-1800s and gave rise to the term 49er. The latest prospectors are people driven to search for gold by high unemployment, as well as gold prices in the range of $1,500-$16,000 (U.S.) per ounce.

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Bridesmaid on a budget
The Give Me Back My Five Bucks blogger has been asked to be maid of honour at a friend's wedding. Here, she talks about creating a budget to cover costs that could rise as high as $1,700, according to one estimate.

Summer reading suggestions
The Farnam Street blog's summer list of books for people with curious minds.

More money
Join the 15,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More


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