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Since peaking at a price of $1798 per ounce on October 4, gold has fallen 7.8 percent to $1658: The retrenchment in the market has Ahn and his team lowering their forecasts for gold over the next three months from $1770 to $1700 and cutting their
The Golden Dilemma, looks at the investment history and possible investment future of gold...Especially interesting is its negative take on gold as a safe-haven hedge against hyperinflation (or even regular inflation, for that matter) or other crises:
The first gold bullion cargo arrived to Caracas on Friday, greeted by crowds of exuberance. For Venezuela, at the behest of President Hugo Chavez has come back from the western banks of gold worth over 11 billion dollars.