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Gold has bubble tendencies - Goldman Sachs

Posted on 27 October 2011

Gold, unlike other commodity markets, has bubble-like tendencies, the head of commodities research at Goldman Sachs told a conference in London Wednesday. Jeff Currie said the definition of a bubble is excessive price inflation driven by excess demand, a description that often defines gold.
“Gold is the one commodity that does have bubble tendencies,” Currie said. “Gold is physically held–there’s 73 million troy ounces stored against the physical gold exchange-traded funds, a success because it’s easy storage.”……………………………………….Full Article: Source


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