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Why Gold’s Bubble Peaked in 2011 Until 1973, gold prices were based on the gold standard . The Bretton Woods Agreement mandated that gold was worth $35 an ounce.
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Well. When we last talked last Thursday, Gold was in the driver’s seat. On the recession outlook front, here in the U.S.
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Gold is a bubble which will burst, according to Rabobank chief investment officer Han Dieperink. In his latest update on financial markets, he expects gold to drop below $500 per troy ounce , much lower than the current price of about $1.315 per troy ounce.
I’m of the opinion that the physical demand is making the price manipulators with their short Gold (& Silver ) paper trades, just don’t have the effect on the metals like they used to. I saw a.