It’s been one of the worst years for gold in a generation.
A flood of outflows from gold ETFs, endless tax increases on gold
imports in India, and the supposedly improving economy in the U.S. have
all contributed to the constant hammering gold took in 2013.
Perhaps worse has been the onslaught of negative press our favorite metal has suffered.
It’s felt overwhelming at times and has pushed even some die-hard
goldbugs to question their beliefs… not a bad thing, by the way.
Last year’s winner of negative rhetoric was probably Goldman Sachs,
calling gold a “slam-dunk sale” for 2014 (this, of course, after it’s
already fallen by nearly a third over a period of more than two and a
half years). (more)
Please share this article
No comments:
Post a Comment