Gold- Dr. Doom Roubini: I don't believe in gold

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Dr. Doom Roubini: I don't believe in gold

Friday, December 11, 2009
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From Newsmax:

Nouriel Roubini, professor of economics at New York University's Stern School of Business and chairman of RGE Monitor, is clearly not a “gold bug.”

"I don't believe in gold," Roubini told CNBC. "Gold can go up for only two reasons."

"[One is] inflation, and we are in a world where there are massive amounts of deflation because of a glut of capacity, and demand is weak, and there's slack in the labor markets with unemployment above 10 percent in all the advanced economies.”

The only way gold can go higher...

Read full article...

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