In the year’s first episode of our weekly engagement, Peter Major explains how, unlike oil or copper, which are driven by physical industrial use, the current gold price is being driven almost entirely by investors hoarding it. He refers to long-term gold price graphs to explain why those buying gold today are taking a huge risk of making substantial losses. There’s also a cameo on why the surge in Orion shares (which is in the BizNews Ricardo portfolio) is justified.