GOLD 0.51% $1,391.7 gold futures

There is a belief that someone will want to pay more in the...

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    There is a belief that someone will want to pay more in the future for a productive asset - because it produces cashflows and therefore the assets that produce those cashflows grow in value. That includes property.

    Future cashflows are the bedrock of investing. Gold rises on a belief that someone will pay more in the future not based on cashflows but just because they will, which is speculative in nature (acknowledging there is a minor cashflow component to gold found within its small industrial use).
 
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