27.10.2011 - Gold has bubble tendencies - Goldman Sachs
Gold, unlike other commodity markets, has bubble-like tendencies, the head of commodities research at Goldman Sachs told a conference in London Wednesday. Jeff Currie said the definition of a bubble is excessive price inflation driven by excess demand, a description that often defines gold. "Gold is the one commodity that does have bubble tendencies," Currie said. "Gold is physically held--there's 73 million troy ounces stored against the physical gold exchange-traded funds, a success because it's easy storage."..............................................Full Article: Source
Print