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Avery Goodman: It's easy to calculate the fair-market value of gold
By Avery B. Goodman
Tuesday, July 5, 2016
There are many people who allege that, because gold does not pay interest or dividends, it cannot be accurately valued, like a stock or bond. That is not true. It is actually easier to calculate the fair market dollar value of gold than to value any other asset. We simply need to step back in time in order to find our answer, and then employ some math. ...
Why, then, do I even bother to make this calculation? The reason is as simple as the calculation itself. The vast difference between the fair value of gold and the current prices caused a huge gap between supply and demand, which the "supplier of last resort" (that is, the U.S. Treasury) is filling every year. ... What is important, however, is that the type of massive drain on U.S. gold reserves cannot be maintained without exhausting reserves. After that, it's "game over." ...
... For the remainder of the commentary:
http://averybgoodman.com/myblog/2016/07/05/it-is-easy-to-calculate-the-f...
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