Thursday, September 01, 2016

Gold May Be Worth Much More 
Than You Think 
Gold is kicking off the week under pressure as markets continue to digest last week’s comments from Federal Reserve officials in Jackson Hole, but some analysts think investors may not be pricing the yellow metal properly. This week, Deutsche Bank analysts argued there is a correlation between gold prices & the level of monetary expansion by central banks, & according to this relationship, the metal should be some $400 higher. Frank Holmes of U.S. global investors agrees, noting that Deutsche Bank's number may even be 'conservative.' Speaking with Kitco News on Tuesday, Holmes added that some famed gold investors argue that the true value of gold sits more at $8,000 an ounce .. 3 minutes

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