04.09.2014 - Is Gold Knocking On Intrinsic Value's Door?
From 2008 through 2011, Gold was a hotly debated subject within financial circles as we acclimated to the idea that the Fed could double and triple its balance sheet and somehow not debase the dollar. On the one hand there were gold bugs who said that gold was the only true form of money based on the precedent of thousands of years of economic history. On the other side there was the intelligentsia, which argued that gold was a “barbaric relic” utilized by uncivilized people and that its value was purely psychological. At first, gold bugs had the advantage in the debate -- between 2008 and 2011 gold's price rose by 150%. But since then, the price has fallen by 35% from its peak. Indeed, as gold prices collapsed and stocks soared, the gold debate has seemingly faded from the discourse...............................................Full Article: Source
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