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.
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.