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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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Nouriel Roubini nicknamed Dr. Doom and lately Dr. Realist by CNBC , is a professor of economics at the Stern School of Business, New York University and chairman of RGE Roubini Global Economics, an economic consultancy firm . Prof. Nouriel Roubini A world-class economist who offers an unflinching look at the global meltdown and distinctive insights into its course going forward. His research on financial crisis in emerging economics has yielded a unique and now vindicated approach to future collapses. Roubini speaks on the global economic outlook and its implications for the financial markets. From his analysis of past collapses of emerging economies, he has identified common factors that support his predictions of crisis in the US and world markets. He has held several high-level advisory positions in the US government and international finance organisations, published numerous policy papers and books on key international macro-economic issues and is regularly cited as an authority in