Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
The political dithering in the US and the eurozone triggered market turmoil and has driven the safe haven of gold to record levels, peaking above $1,800 last week. David Wilson, director of metals research at Société Générale, predicts uncertainty could push the yellow metal above $2,000 this year. But when stability returns he does not expect a price collapse.
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Source: Financial Times, August 17, 2011.
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No gold bubble was first posted on August 18, 2011 at 8:30 am.
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