The Conversation (0)
As Gold Briefly Hits $1,800, Traders Fear Party Is Ending
Aug. 11, 2011 04:18PM PST
Precious Metals InvestingCNBC News reported that some traders are worried they won’t be able to sell gold if prices continue to rise.
CNBC News reported that some traders are worried they won’t be able to sell gold if prices continue to rise.
The market news is quoted as saying:
One massive bullish force and potential perpetual buyer of gold are central banks. With almost every country in the world actively trying to devalue their own currency in order to lift asset prices, gold, in effect, has become the only real store of value left.
