ABN AMRO, a Dutch government-owned bank, is currently a hot topic in the Netherlands. The bank’s board gave themselves a generous increase in salary, provoking public outrage. These directors act as if they’re working for a privately-owned bank, while all future losses will be shouldered by Dutch tax payers.

Three Reasons Why ABN AMRO Is Wrong About the Gold Price

ABN: Gold Price Will Drop to $800/oz

Error #1: The Economy Is Not Recovering, But Weakening

Error #2: The Gold Price Rose during the 2001-07 Economic Growth

Error #3: The Fed Cannot Raise Interest Rates without Wrecking the Economy

ABN AMRO Was Right in 2011 and Could Be Right Mid-2015


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