Value Investing

Yra Harris – “Why are gold prices at seven-year highs?”

“Why are gold prices at seven-year highs? More significantly, why are the GOLD/EURGOLD/YUANGOLD/YENGOLD/SWISS crosses at or close to making all-time highs? When the stock market rally of 1998-2000 was in full swing GOLD was being sold and trading around $280 an ounce. In fact, the BANK OF ENGLAND famously sold its GOLD between 1999 and 2002 because they were so sure of its demise as a haven/currency alternative.”

LINK HERE to the Article

Disclaimer: The views or opinions expressed in this blog post may or may not be representative of the views or opinions of the Financial Repression Authority.

Source: financialrepressionauthority.com

Follow us:
Visited 14 times