Due to gold's recent plunge marking its largest percentage drop since 1980, the explosive volume in the SPDR Gold Trust (GLD 3.80%), and many swirling global macroeconomic factors, the precious yellow metal has spooked investors. The decline has not been limited to the commodity, as miners like Goldcorp (GG +0.00%), Barrick Gold (ABX 3.84%), and Newmont Mining (NEM 2.12%) are experiencing precipitous declines as well. Adding to the concern is the fact that investors have been unable to pinpoint the precise cause of the collapse.
In the below video, Fool.com contributor Doug Ehrman discusses whether gold has become too risky to touch under current circumstances and what the prospects for the future of the commodity look like. Gold has classically been considered a safe-haven investment, making its spiking risk a unique market dynamic worth understanding.
