Archive for July, 2012

Whither the Price of Gold?

Tuesday, July 31st, 2012

Gold bullion priceAccording to Business Week, last quarter marked a four-year low for the price of gold in the commodity markets.

This happened amidst predictions that gold would hit a record high this year.

The price of gold has been rising for the past eleven years. Traditionally, gold represents a safe haven from economic and political uncertainty.

However, eleven years after September 11, 2001, the market for gold may be reaching saturation.
(more…)