Monetary Watch

Day 1,621, 04:38 • Published in Ireland Ireland • by Damien Psym

I'm not sure how i feel about this, but gold is clearly a bubble market. In the last day alone, the price of gold has fallen almost 5% (about 100 IEP). While it makes for a good buyers market, the recent undercutting by those on the market is a dangerous game. In an effort to sell their gold as quickly as possible, people have been putting up their gold for cents on the dollar. If this is kept up it won't be long before the price of gold on the market hovers closer to 1500 IEP than 2000.