Arturo Madrid

The Source - April 24, 2013
11:11 am
Wed April 24, 2013

The Source: The Gold Bubble

Flickr user hto2008 cc

In the first segment:

The promise of gold's safety lured many in uncertain economic times and the price, which was often stable, shot up over the past decade to unprecedented levels. Doomsayers predicting the collapse of the U.S. and world financial systems all bet on gold.

As the housing sector continues to rebound and the national spending begins to shrink, the price of gold has fallen more than 25 percent with analysts predicting it will continue to fall, perhaps even touching the $1,000 per ounce level.  

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