By Jordan Eliseo
LJ Financial Group
3th September 2012
The price of Gold has rallied strongly over the last 5 years. When the GFC started back in 2007, you could pick up an ounce of gold for just $670. Wind the clock forward to today, and Gold is now trading at $1690 – a rise of over $1000 per ounce. The increase in price has led many market pundits to say that Gold is ‘in a bubble’ and that the price will soon crash. In this article, we look at some of the myths about gold and debate the questions that regularly come up about this asset class.
Some of the questions commonly asked about Gold include:
• What is Gold?
• Is Gold just another commodity?
• Is the Gold market an illiquid and obscure market?
• Who owns the world’s Gold?
• Is Gold really in ‘a bubble’?
Let’s look at each of these in turn.
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