June 14, 2012 at 09:00 AM EDT
Is Gold Overvalued? The Bearish Case vs. The Bullish Case
It’s an argument that seems to have no end: is gold really overvalued? There are two distinct sides to this story, and the controversy has been heating up since the precious metal made its historical run in 2011. As a number of factors combined midway through last year, gold was able to soar to its highest price in history, briefly touching the $1,900/oz. mark. The hard asset had risen so quickly, that breaking through the $2,000 barrier seemed like a certainty for many. But what goes up must come down, and gold was no exception. With prices now stuck in a rut around $1,600/oz., investors are continuing the age old argument as to whether or not this commodity is worth its salt [see also Three Reasons Why Gold Is Overvalued ]. See the full story here →
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