James Turk: gold price will go above $11,000Nov 17, 2011·James Turk
In one important respect, gold is like any other asset. You want to buy it when it is undervalued, and sell it when the opposite is true – when it becomes overvalued.
Thus, knowing how to accurately value gold is essential for sound portfolio management. In an essay recently published on the GoldMoney Foundation website, James Turk explains how his 'Gold Index' can help people do this. This piece was originally published on the King World News Blog.
The key point that James discusses is that gold valuation needs to take account of the amount of foreign exchange reserves held by central banks around the world, and how this relates to the amount of gold held by these same institutions. Read James's essay, Why The Gold Price Will Go Above $11,000 for all the details.