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Last week I read an article in the Financial Times about the gold price. So far, gold has been one of the best investments this year. The gold price in euros is today exactly 20% higher than at the beginning of the year. But the gold price is still much lower than its record high of September 2011, when the gold price reached an intra-day high of $1,921.15 dollar per troy ounce. At $1,310/oz we are still far below that 2011-high. The true question at stake is therefore: why is the gold price so low?

The Simple Answer

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