Gold: Best defence in a genuine currency war, says Frisby Every investment needs a good story if it’s going to fly. “The internet is going to change the world”, drove the dotcom bubble. “They’re not building any more land,” drove buy-to-let. “The Chinese want the things we take for granted – and there are just so many of them,” drove commodities. One of the reasons for gold’s demise is that its story lost its magic. It no longer seemed relevant. I’ve said before that gold needs a new narrative. I didn’t think it would come so quickly. But I think one may be starting to form. The big financial story of last week was China’s repeated devaluation of the yuan. In just about every related article – and in many of the headlines – the phrase ‘currency wars’ has appeared. It’s all over the papers, TV and the internet. Read the full article by Dominic Frisby on MoneyWeek here. Gold in GBP - 1 Year DAILY PRICES Today’s gold prices: USD 1,137.95, EUR 1,019.80 and GBP 7128,54 per ounce.Yesterday's gold prices: USD 1,123.20, EUR 1,017.71 and GBP 716.90 per ounce.(LBMA AM) Yesterday, gold finished trading with a gain of 1.34% or $15.00, closing at $1,132.70/oz. Silver rose 2.55% or $0.38, closing at $15.26/oz. Download Essential Guide To Storing Gold Offshore BREAKING NEWS Gold climbs to 5-week high as Sept Fed hike hopes fizzle – ReutersGold Holds Gains After Biggest Advance in Three Months on FOMC – BloombergAsian shares slide; dollar loses edge on Fed minutes – ReutersVietnam devalues dong to protect exports, offset China’s yuan action – ReutersCash-Strapped Venezuela May Sell Gold Reserves, Citigroup Says – Bloomberg IMPORTANT COMMENTARY Gold: the best defence in a genuine currency war? – MoneyWeekVideo: Threat to Bitcoin with Its “Y2K” Moment – BloombergHSBC expects gold price to be up 10% by the end of 2015 – GoldSeekDoug Casey on Why You Should Go to Africa Instead of College – Casey ResearchWorld Skills winners show university not the only way to a brilliant career – David McWilliams Click on News and Commentary Download Essential Guide To Storing Gold Offshore