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Nouriel Roubini talks currency wars and price of gold
- Thursday, December 04 2014 @ 10:30 am EST
- Views: 3,242

On the price of gold, Roubini told Yahoo that he sees it going lower as the US dollar will continue to increase in value and bring deflation to several (financial?) sectors.
"Even with currency wars, gold will remain weak, says Roubini. “For now the Fed is not easing, and the dollar is strengthening,” he says. Gold is a hedge against inflation, but Roubini believes there are many assets now that are better and that can provide an income, like real estate, equities and credit. Gold can only provide capital gains. “Real rates are going to go higher so all of the main factors regarding gold indicate that gold will go down.” He says the rate will near $1000 per ounce by the end of 2015. It currently hovers at around $1200 per ounce."
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