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A tale of two ‘doomsdays’: gold and the global economy

Posted on 28 March 2013

A “doomsday scenario” drop to $1,000/ounce would “make half the gold industry worthless,” according to Bank of America Merrill Lynch. Despite recent hiccups in gold’s long bull run, gold is currently hovering at roughly $1,600 per troy ounce.
Gold stocks, however, have been unable to match the precious metal in performance over the past couple of years as “rising costs, expensive acquisitions and paltry dividends” have pushed investors away, wrote Tatyana Shumsky of the Wall Street Journal on Monday………………………………………..Full Article: Source


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