Gold is one of the hardest asset classes to understand. From a low of US$1,175 in August 2018, gold soared 73% to US$2,036 in July 2020. When all seemed well post-COVID, Gold then fell to as low as $1700 in 2021. Recently, with the Ukraine war, soaring inflation, and possible recession risk – Gold broke the $2,000 level again. Is gold a good portfolio diversifier? Is it time to buy Gold? Note: This post is sponsored by OCBC Precious Metal Account. All views and opinions expressed in this post are from Financial Horse. Bretton Woods and the role of Gold To really understand gold, we need to go back to WWII. Bretton Woods 1.0 – USD backed by Gold It was the end of WWII, and the Allied forces had just defeated the Nazis. They were discussing a new monetary order to rebuild the world. There were 2 options:...