10.10.2012 - Bullion – the trouble barometer
During times such as these we should place our faith in something which has historically transcended government statistics as well as political goals and semantics. For this reason many are turning to gold as their trustworthy protector from government efforts to misreport statistics affecting our daily lives by their dangerous policy making and financial stresses. Many will struggle to understand how we can trust the gold price when it has shown volatility since the 1970s and is deemed by many to be in a “bubble.” A new paper by Erb and Harvey shows the real price of gold is now at a historical high across all 23 countries studied. They find that while the nominal price of gold has been volatile it has shown a strong trend since the 1970s, however the inflation-adjusted price of gold is volatile without a trend...............................................Full Article: Source
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