Thursday, August 18, 2011

Gold bubble

The price of gold is now more than $1800 per ounce.  (That's a troy ounce, which is a little heavier than a conventional ounce.)  

An ounce of gold is a cube about 2/3 of an inch on each side.  More than $1800.

Gold is going to prove to be a bubble.

You heard it here first.

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