The crossover between investments of passion or alternative assets such as property, art, fine wine, classic cars, gold and watches seems to be increasingly blurred as people seek to classify what is worthy of the attention or wallet of a connoisseur or a collector and those who just enjoy surrounding themselves with the finer things in life.

I guess the major market event this week has been gold's 'flash crash,' which started last Friday and continued on Monday, taking the metal down by $200 over these two days. So, why did this happen and what to do now?

Gold offers no yield. There is no reward for holding it other than the smug feeling that you are protected from any potential economic Armageddon that's on the horizon. If you believe that's on the cards, then go right ahead and back up the truck and load up on the yellow metal until you're heart's content. Otherwise, you're best to leave it well alone.

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