Gold just made the case for why it should be in every investor's portfolio

Gold GC00 has topped $5,000 an ounce. Now what? Because at $5,000, the story stops being about a higher gold price and starts being about what markets are hedging against. I wrote in mid-November that gold prices above $4,000 will open the door to $5,000. But with gold now at that milestone, investors need to consider a different issue: not the price at which gold trades — but the price at which it's being held. ...