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The crash in the gold price isn’t all bad. In fact, it may even be a sign of recovery

Posted on 17 April 2013

Gold is where money runs when it’s scared. That’s what we found in the autumn of 2008, when the banking crisis unfolded. Gold has such strong cultural resonance – from Midas to Goldfinger – that it is hard to regard it rationally. And so when the price soars, or plunges, there is a temptation to try to extract some grand message for humankind: what is the plunge saying about the state of the world economy?
Well, maybe nothing. Gold is a market just like any other, in the sense that it is driven by supply and demand…………………………………….Full Article: Source


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VRS - who has written 38958 posts on Opalesque Commodities Briefing.


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