Gold is ‘insurance’ against currency crisis, inflation overreaction, dollar devaluation – Steve Forbes

(Kitco News) – Markets have experienced a dollar resurgence more than a decline in the gold price, while the Iran war – and the U.S. reaction to its inflation pressures – make gold essential insurance for investors, according to Steve Forbes, Chairman and Editor-in-Chief of Forbes Media.Forbes acknowledged that gold prices have seen a precipitous decline since hitting their late January highs near $5,600 per ounce, but said gold isn’t what’s actually changed.