Making sense of the markets this week: August 3 Aug 1st

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Making sense of the markets this week: August 3Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Gold outshines itself
Gold stole the headlines this week. That can happen when an infamous asset takes out its previous all-time highs. 
Last Sunday, gold made another push and hit its all-time high above $1,920. By Friday, July 31, the price had moved above $1,990. (Gold is priced in USD.) 
Gold is gaining based on general uncertainties in these, well, uncertain times. There is also the fear of inflation. Many investors also point to the prolific money printing from central banks and the ballooning deficits and deficits. In this MoneySense post, I touched on Canada’s pending $1-trillion debt, and the similarly large number representing proposed stimulus in the U.S. 
MoneySense contributor Bryan Borzykowski recently pondered whether it’s time to buy gold again: 
“A lot of people are excited about gold today because of how much debt countries around the world are accumulating…

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