How expensive is gold?
Following the recent consolidation in gold prices a question that is frequently asked: Is Gold (too) expensive? There are many ways to try to answer this question – today we have looked at a ratio of the value of Gold stocks above-ground to the global market cap of all equities. We would conclude that gold is rather cheap!
Next to Interest rates, the USD strength/weakness will be an important driver for gold prices – a lot of room to move looking at the historical chart! Please see link below
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