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Should We Care About the Price of Gold?

By: clo in ROUND | Recommend this post (0)
Thu, 21 Jul 11 12:37 PM | 68 view(s)
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A very interesting article, with charts. This is a snippet. clo

Monday, July 18, 2011
Should We Care About the Price of Gold?

So moving just 0.1% of the financial wealth of US households into gold could be enough to have a substantial impact on the price of gold. Note that the same can not be said of other asset prices that we care about; it would be difficult to discern any price effects whatsoever of a move of $50 billion more or less per year flowing into the stock market (valued at over $50 trillion around the world), the bond market (also with a total value in the tens of trillions of dollars), or real estate.

http://streetlightblog.blogspot.com/2011/07/should-we-care-about-price-of-gold.html




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