Rethinking the gold bubble

posted by
October 20, 2011
Ludwig von Mises Institute
by James E. Miller  
Posted in Commentary

"There has been a lot of speculation recently on whether or not gold is in a bubble. With Federal Reserve chairman Ben Bernanke announcing 'Operation Twist' last month, gold and other commodity prices have fluctuated erratically.  Immediately following the 'Twist' announcement, prices of both plummeted. Gold then stabilized a few days later. To make sense of these phenomena, one must utilize Ludwig von Mises's lesson that history must be interpreted with logic and rational deduction rather than empirical evidence alone." (10/20/11)  

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