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Saturday, September 15, 2012

Nouriel Roubini : Gold unlikely to go Back to $1900

Nouriel Roubini : My view is people should be just market weighting Gold , because even if there is more printing of money there is no inflation in advanced economies because there is a slack in goods in liberal market , weak economic growth so that the reason to hold because of inflation is not real , in other situations gold could rise if you have another global financial meltdown but those risks are still limited and actual when turmoil does occur sometimes gold prices fall sharply because you have a credit crunch and people sell the winners and many positions in gold are highly leveraged , so gold has been very volatile , it went up all the way to $1900 in September of last year but then it went down to $1500 and it has been moving in the range between $1500 and $1600 , so to me it's a speculative investment it has gone up so much that significant further increase are unlikely everybody should have it market weighted in their portfolio and I would not recommend over weighting gold - in Reuter Interview
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