Gold’s price should be consistent with the prices of other things
By GCRU Gold News on Monday, March 23 2015, 01:57 - Permalink
the main purpose of this post isn’t to rehash the concept that the volume of gold being transferred between sellers and buyers contains no information about the past or likely future change in the gold price, it’s to make the point that gold’s price must bear some resemblance to the prices of other useful commodities.