The good times pass Mupane by

Gold prices reached $3,167.84 an ounce on Wednesday, the highest ever for the precious metal. The mineral’s entire ecosystem cheered, with miners, processors, traders, investors and governments hosting the mines, rubbing their hands in anticipation of bumper returns.

Gold is not just one of the first minerals humans being ever set value on, but it also the global safe haven that investors and indeed government resort to when economies are shaken. In turbulent times such as the current chaos set off by President Donald Trump’s global tariffs this week, gold is sought after as a historically safe store of value against the vagaries of other investments.