Bernanke Swamps the Gold Bugs

By Rick Newman, U.S. News & World Report - April 16, 2013

It's easy to find worriers who predict an economic meltdown is coming. It's a lot harder finding evidence of the actual meltdown.

The price of gold is possibly the best proxy for the outlook on global stability, and lately the price of gold has been plunging. At about $1,400 per ounce, gold is down more than 15 percent so far this year, and down about 27 percent from the all-time high of $1,921 it reached in September of 2011.

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