Once Mocked, Gold’s True Believers Are Having Their Big Moment

Unmarked gold bars at a gold and silver refinery. They’re known as “gold bugs”: investors who treat the metal less like a commodity and more like a creed. Most Read from Bloomberg For decades, they’ve been cast as cranks predicting the dollar’s demise. Now, with gold prices soaring more than 50% this year and smashing the $4,000-an-ounce barrier, they’re the ones smirking. Among the most ardent are Frank Giustra, Pierre Lassonde and Rob McEwen, veterans who’ve spent careers betting that gold, not govern ...