Jun 13, 2013

Gold: Keynes’s ‘Barbarous Relic’

“Gold remains John Maynard Keynes’s ‘barbarous relic,’ with no intrinsic value and used mainly as a hedge against mostly irrational fear and panic.” - in Minyanville

Related ETF: SPDR Gold Trust ETF (GLD)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.