Gold has divided the investment world for centuries. Some love it as a way of spreading risk, while others remain unconvinced of its intrinsic value.
Typically investors buy gold at times of market stress. When stocks are falling and the world looks as though it is coming to an end, gold is used as a store of value.
As it does not pay an income, investors are dependent on the price moving to make a real return.
In theory, the greater the number of people who believe stock markets will continue to fall, the more that will buy gold, and this pushes up the price.
Gold performed well during the last crisis in 2008 and was continually bid up to unsustainable levels until 2013 when the bubble burst....