Nouriel Roubini of RGE Monitor and professor of economics at NY University's Stern School of Business is bearish on gold. Roubini said:
"I don't believe in gold. Gold can go up for only two reasons: One is inflation, and we are in a world where there are massive amounts of deflation because of a glut of capacity, and demand is weak, and there's slack in the labor markets with unemployment above 10 percent in all the advanced economies. The only way gold can go higher in a deflationary economy is a financial Armageddon but we've avoided that tail risk as well. So all the gold bugs who say gold is going to go to $1,500, $2,000, they're just speaking nonsense.” in CNBC
Related ETF`s: SPDR Gold Trust (ETF) : GLD
No comments:
Post a Comment