The Great Gold Debate

Listen to the discussion with Maria Bartiromo on the price of gold in recent weeks, and what is causing the price to drop. Anthem Blanchard of gold dealers Anthem Vault explains that the low price of $1200 per troy ounce should remain stable. However, Todd Schoenberger states that the price of gold will continue to fall. He believes that is because the factors that usually drive the price of gold up, such as critical geopolitical events, or inflation, do not seem to be happening. Scott Martin adds that investors have so far been unhappy with gold, as it has been going down along with stocks. Which kind of defeats the reason most people buy gold in the first place: as a hedge against inflation and as a hedge against a downward turn in the stock market.