Flashback: ‘Gold Bugs Are Speaking Nonsense’

In December of 2009 well known economist and NYU professor Nouriel Roubini provided his professional opinion on where the gold price was headed: “I don’t believe in gold,” Roubini told CNBC. “Gold can go up for only two reasons.” “[One is] inflation, and we are in a...

Ben Bernanke Says Gold is NOT Money

Though they have been used for millenia as a means of exchange, from Sumeria where silver was used to conduct transactions over 6000 years ago to the United States of America which, up until the 1970’s, linked the value of the US dollar to an ounce of gold, some...

Silly Bands and the Gold Bubble

A bubble is what happens when individuals who would generally shy away from an asset or investment become so crazed by it, that they throw all rational and logical thought aside in the hopes of attaining possession of said asset at nearly any price, no matter how over...