Fundamentals, Forex, Monetary Policy, Trading Ideas, and General Pessimism
Monday, August 15, 2011
Dispelling the Myth that Gold Is in a Bubble
Gold is appropriately valued, bordering undervalued pending future politcal and fiscal policies that look to be bullish for gold.
Below is the inflation adjusted price of gold. This chart shows clearly that not only are we a long way from any real high point in gold, and also that there isn't too much room for gold to fall.
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