Loading ...On September 11, we wrote how gold might have broken $1,000 for the last time. So far, Gold has not closed a day below a 1,000 USD. We still believe that it is greatly undervalued from a demand supply side. In fact, we see gold as the next natural bubble. There are many reasons for this; currencies creation is far outpacing the mining of gold, the cost of mining the metal will get priced to the floor created by this asset inflationary fed policy period, China diversifying to gold reserves might start a trend leading to other countries to follow, and talks of war with Iran will surely rattle the markets.
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