Gold has been selling off with increasing worries that price inflation isn't quite under control and the Federal Reserve might have to slow the pace of monetary easing.

Is this a mistake? Or should we follow the crowd?

Money Metals' Midweek Memo host Mike Maharrey thinks it is, and in this episode, he explains why. He also talks about a fundamental economic principle that we all need to reckon with - scarcity.

Listen to this Money Metals' Weekly Market Wrap Episode: