Gold price rockets up as a natural haven during the turbulent financial markets. It is reflective type behaviour from the past when gold played a very specific role in finances. Currently, gold is a normal commodity with its price fully driven by the market. Therefore, the rocketing gold price likely repeats the trajectory of house prices before 2006. Some experts say that it was a bubble in sense that the house prices were speculative. Gold can not be an exclusion from "normal" market behaviour . When the market players understand this simple rule the price will plummet down. I expect this fall in 2011 because the negative tendency in economic performace has no alternative and there is no really safe haven for assets.
-
These are two biggest parts of the Former Soviet Union. To characterize them from the economic point of view we borrow data from the Tot... -
Almost every day, I have a request to publish this paper " Race and gender income inequality in the USA: black women vs. white men...
No comments:
Post a Comment