gold holdings

THE INFLATONARY SUPPLY OF UNBACKED US DOLLARS AND THE PRICE OF GOLD

Gold Hits Record High – But Is It Really Too Expensive?

The gold price has been rising steadily and on Monday (27 July) hit an all-time high of $1,944/oz, beating its previous record high of $1,922 from 2011. Even as it reaches new highs, analysts at Schroeders don’t think it’s time to grow concerned about the price of gold, or gold equities. Here’s why.