| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Giving Up on Gold
Saturday, April 20, 2013 0:04
% of readers think this story is Fact. Add your two cents.
Last year about this time, the price of gold was pushing toward $1,800 an ounce. I was a guest speaker on a well-produced Caribbean cruise, where the consensus was that gold $6,000 was inevitable if not imminent.
Given that the yellow metal has since declined by more than $400 an ounce, I suspect many former enthusiasts now feel differently. SPDR Gold Holdings has fallen from the second to the third largest exchange-traded fund (ETF), as many have given up on gold entirely.
