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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Has the price of gold hit bottom?

Posted on 09 July 2013

Gold has had a terrible year, its price dropping 25 percent in the last quarter alone. “You’re cheap,” says John Waggoner at USA Today. Really, really cheap. Like, “when someone asks you for three cheers, you only give two.”
But is it cheap enough to buy yet? The short answer: That’s a really tough question. Generally, gold prices are supposed to rise when the economy weakens. The basic idea is that gold is beautiful, finite, and scarce, a physical anchor in a sea of floating paper currencies………………………………………..Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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