There appears to be an undeclared tug of war between gold bugs and economists over gold’s role in portfolio performance.

Those sold on gold insist there’s never been a better time to buy the yellow metal, but a report in The Globe and Mail says economists argue gold’s glorious days are now in the rearview mirror.

The economists quoted in the report refute every supporting logic – from currency wars to quantitative easing and central banks’ bullion-buying spree – offered by those in the gold camp.

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