There is no doubt that in recent years the gold market has been a bubble, and it now seems to be bursting. I equally thought so in September 2011, when I recommended avoiding investments in gold; then gold was priced at $1,780, a time when investment gurus Marc Faber and Jim Rogers were strongly in favor of gold. And I reiterated that advice in 2012 when gold was at $1,622.
Here’s why.
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