Summary
NEW YORK - Gold is hovering near 17-year highs. What that means depends on who's doing the interpreting.
According to one school, demand from China and India is pushing the price higher, but another school insists gold is up because Western investors are convinced inflation is much higher than their governments admit.See the full content of this document
Extract
Gold Near 17-Year Highs - but Why?
Gold has always been the investment of choice for bomb-shelter- building doom-and-gloomers, those accumulators of canned goods whom everyone avoids at family gatherings. As an asset, gold usually behaves according to its own set ...
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