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Date
07/16/2013 09:44
T24
ECONOMY
'Gold prices will fall'
Duke University professor Campbell Harvey, at the current priceof gold ounce, down $ 500 to $ 800, said that the level ofdownside
Declines occurred in recent years under the harsh movements may continue to bother
investors said. Duke University professor Campbell Harvey told the American CNBC
channel, $ 294 thousand ounces of gold at the current price of $ 500 down to $ 800, said that
the level of downside. Harvey Fuqua School of Business of the University who served the
Duke of gold in the history of two thousand five hundred years, due to inflation, the price has
not changed at all, he said. Harvey, "an ounce of gold to $ 800 may be degraded in the long
term," he said. Faculty members, "When you look at the historical developments, the
average price of gold has dropped to a level not seen to remain stable trend. Gold has
dropped below a certain critical level was up again, "he continued.
A great impact on China's
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Harvey, the lower levels of gold onsunun downside than $ 800, said recently decreased to
levels lower than the price of ounce. Harvey "Maybe it will not be tomorrow, but gold prices
change cycle takes 10-15 years. Now we are in such a cycle, "he said. Expert, is linked to
the price of gold demand, developments in China are more effective in this regard and
underlined "the slowdown in economic growth in China, a sign that demand for gold will
decline. China is one of the largest buyers of gold, "he continued.
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