Gold hits $3,759/ounce, while Jaguar Land Rover’s disruption following a cyber-attack continues
Newsflash: Jaguar Land Rover has extended its shutdown on car production for another week, as it continues to struggle with the aftermath of a recent cyber-attack.
JLR has just annouced that it has told colleagues, suppliers and partners that it has extended the current pause in production until Wednesday 1 October.
We have made this decision to give clarity for the coming week as we build the timeline for the phased restart of our operations and continue our investigation.
Our teams continue to work around the clock alongside cybersecurity specialists, the NCSC and law enforcement to ensure we restart in a safe and secure manner.
Our focus remains on supporting our customers, suppliers, colleagues, and our retailers who remain open. We fully recognise this is a difficult time for all connected with JLR and we thank everyone for their continued support and patience.
The Greenspan era gave us the dotcom bubble, Bernanke the housing inferno, and Powell a decade of money-press confetti. Each time, the Fed “fixes” things not by truly securing the system, but by fiddling with the bolts—tightening a notch here, loosening a notch there—but eventually the whole machine rattles itself apart again.
In that stop-start circus, gold has been the one constant—the timepiece that keeps ticking when the clocks of equities and bonds stop. Since 2000, the S&P has returned 730%, while the Nasdaq has returned 800%. Gold has returned 1,280%.
Does this mean gold is riskless? Hardly. Like every asset, it climbs walls of worry and stumbles down staircases of fear. But unlike equities, its value doesn’t depend on tomorrow’s earnings whisper or the next policy pivot. It depends only on the persistence of human doubt. And doubt, as history shows, never goes out of style.
