15.07.2013 - Why gold may still have further to fall
Gold produces no income and, unlike other commodities, little of the gold that is produced each year is consumed by industry. Some gold is used in jewelry and the rest is accumulated as an investment. Since the gold used in jewelry and even industry can be viably salvaged, it can be assumed that close to all of the gold that has ever been produced continues to exist. Without a future stream of earnings to estimate, pricing gold is typically an exercise in comparison...............................................Full Article: Source
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