29.04.2011 - Gold: A price bubble or a safe heaven asset?
The mass panic caused by the debt and economic crises has made the price of gold rocket sky-high. The entire world is still concerned about whether gold prices turn out to create another price bubble. Is the “gold collapse” possible in the near future? In summer 2005 a troy ounce of gold cost about$440. Today the price is 3,4 times as big. Such an increase cannot but suggest: Maybe this is the best gold can do? Maybe the prices will start rapidly falling down? The similar picture could be seen in the crude oil market in 2008..............................................Full Article: Source
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