"At the peak, gold bugs – a combination of paranoid investors and others with a fear-based political agenda – were happily predicting gold prices going to $2,000, $3,000, and even to $5,000 in a matter of years. There are many reasons why the bubble has burst, and why gold prices are likely to move much lower, toward $1,000 by 2015." - in Finance Townhall
Related ETFs: 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.
