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Does gold price collapse really represent confidence in the global economy?

Posted on 10 July 2013

Government policymakers should not allow gold’s collapse to provide a false sense of accomplishment, argues Harvard economist Kenneth Rogoff in a recent article for Project Syndicate.
Rogoff – influential yet much criticized because of his work with Carmen Reinhart on the relationship between public debt and GDP growth – suggests that a surge of “naïve investors” and weakening gold market fundamentals go a long way to explain bullion’s recent decline………………………………………..Full Article: Source


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