Is gold expensive? Not yet | Metals Mine

  • Is gold expensive? Not yet

    From kitco.com

    Gold prices flirted with $3,700 an ounce this past week and are up nearly 40% so far this year, so it should not come as a surprise that some investors use the Federal Reserve’s cautious return to the easing cycle as a reason to take profits. However, it appears nobody is ready to call a top in this rally anytime soon. Even as gold posts its best annual gains since 1979, no analysts have advised investors to take their foot off the gas pedal. French bank Société Générale increased its stake in gold, taking a maximum 10% position as part of its Multi-Asset Portfolio Strategy. They are hardly alone. Billionaire ... (full story)

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