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With the price of gold down by almost a third over the course of the past year and the Fed announcing the start of QE tapering, the question on everyone’s lips is, “What next for the yellow metal?”
In this interview Charles Gibson (Sector Head, Mining) rationalises the two predominant monetary theories for estimating the future, long-term price of gold into a coherent conclusion. In so doing, he also draws some conclusions about general prices, interest rates, debts and longer-term inflation.
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