Gold Holds Its Own Against These Media Darlings
By GCRU Gold News on Saturday, August 8 2015, 03:08 - Permalink
But that hasn’t stopped many gold bears from using this as an opportunity to disparage the yellow metal. A recent Bloomberg article points out that the gold rout has cost China and Russia $5.4 billion, an amount that would sound colossal were it not for the fact that U.S. media companies such as Disney and Viacom collectively lost over $60 billion for shareholders in as little as two days this week.