What Price Suits Gold?
September 16th, 2009
| Category: Personal Finance
Gold bullion just crossed $1,000 an ounce. But what’s it really worth? Bud Conrad, chief economist at Casey Research and a leading gold bug, says it’s worth far more. Based on long-term analyses of macroeconomic trends such as the money supply, he says, “a lot of ratios… get you into the $4,000 to $5,000 level without any problem. Congressman and former presidential candidate Ron Paul—also a major gold bug—likewise sees the price of bullion…
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