Search

Analysis: Gold price an inflation alarm

Hang on to your hat and watch your savings because if last night's sharp rise in the price of gold is an accurate guide, a long-predicted wall of inflation is about to break over the world.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Comments

6112
5 fold increase in price of gold in 10 years, at long last someone has the idea that inflation is real.see if the spinners can turn the ball the other way.

Perth
Now everyone repeat after me: Bubble. Gold as a commodity has little intrinsic value in any production stream, other than miniscule amounts in consumer electronics, unlike really useful commodities like iron ore, copper, tin etc. Its value therefore has completely dependent on its current demand as an investment vehicle and as such has the same risks associated with other similar investment vehicles or assets such as overpriced properties in the 00.s, .com stocks in the 90's or if you want to go back to where it all began Tulip Bulbs in Holland in 1637. At some point the bubble will burst, the price will peak, investors will want to switch investment vehicles and the price will plummet, leaving the last player to enter the market wondering how the $1000.00 gold bar they just bought turned into a $300.00 shiny paperweight.

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer