| Gold could fall below $1,000 an ounce, according to an investment specialist who has made financial bets that will pay off if gold continues to decline. Investors.com , a site from Investors Business Daily, includes the comment. But other experts estimate that since it costs about $1,000 per ounce to mine gold, production would fall when the price hits that $1,000 line, adding to factors that would keep the price from falling much further.
Dr. Doom—famous economist Nouriel Roubini—added his voice to the gold trash-talkers early in June an article carried by the UK's Guardian. “There are many reasons why the bubble has burst, and why gold prices are likely to move much lower, toward $1,000 by 2015,” Roubini wrote...............................................Full Article: Source
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