Has the Gold Bubble Finally Burst?
The famous commodities trader, George Soros once said that gold was the ultimate asset bubble because unlike oil, real estate, stocks and shares gold only has intrinsic value, not fundamental value. Unlike other asset classes, gold’s value isn’t based on what it can contribute to society. Society needs houses, food, oil or gas to drive their cars or to heat their homes. He said this at the Davos World Economic Forum in 2010. Back then, people didn’t think too much about what he said but the price of gold went…
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