10.07.2013 - Does gold price collapse really represent confidence in the global economy?
Government policymakers should not allow gold's collapse to provide a false sense of accomplishment, argues Harvard economist Kenneth Rogoff in a recent article for Project Syndicate. Rogoff influential yet much criticized because of his work with Carmen Reinhart on the relationship between public debt and GDP growth suggests that a surge of "nave investors" and weakening gold market fundamentals go a long way to explain bullion's recent decline...............................................Full Article: Source
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