10.07.2013 - Does gold price collapse signal a vote in economic confidence?
The commodity's past highs and lows means policymakers should be cautious in interpreting its latest plunge in value. In principle, holding gold is a form of insurance against war, financial Armageddon and wholesale currency debasement. And from the onset of the global financial crisis, the price of gold has often been portrayed as a barometer of global economic insecurity. So, does the collapse in gold prices, from a peak of $1,900 per ounce in August 2011 to less than $1,250 (841) at the beginning of this month, represent a vote of confidence in the global economy?..............................................Full Article: Source
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