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

The seven drivers of the gold price

Posted on 06 August 2014

Ben Bernanke, the former chairman of America’s Federal Reserve, famously told Congress that no one really understood gold. NM Rothschild, the Victorian banking and bullion magnate, said the same, if more wittily. “I know of only two men who really understand the value of gold, an obscure clerk in the basement vault of the Banque de France and one of the directors of the Bank of England.
“Unfortunately, they disagree.” Plenty of analysts now ignore Rothschild’s joke, and make a living trying to predict the direction of gold. But they’ve been confounded so far this year, forecasting fresh falls after 2013’s crash only to see gold outperform other assets………………………………………..Full Article: Source


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VRS - who has written 38066 posts on Opalesque Commodities Briefing.


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