Monday, 20 December 2010

Moneynews.com


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As Soros' Gold 'Bubble' Hits Record, Many See It Floating Even Higher

Billionaire financier George Soros called gold the “ultimate asset bubble” at the World Economic Forum’s January meeting, when the price of gold was at $1,087.10 an ounce. It has soared since then to record highs, as the popularity of exchange-traded funds backed by gold bullion has helped drive unprecedented gains for the precious metal. Goldman Sachs analysts say gold can go even higher.


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