{"id":58916,"date":"2009-12-02T03:37:00","date_gmt":"2009-12-02T08:37:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/socgen-gold-has-been-undervalued-for-38-out-of-the-last-40-years-2009-12"},"modified":"2009-12-02T03:37:00","modified_gmt":"2009-12-02T08:37:00","slug":"socgen-gold-has-been-undervalued-for-38-out-of-the-last-40-years","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/58916","title":{"rendered":"SocGen: Gold Has Been Undervalued For 38 Out Of The Last 40 Years"},"content":{"rendered":"<p>Societe Generale uses the following chart to support their uber-bullish case for gold. By their metrics, apparently gold has only been fairly valued in 2 out of the last 40 years. And that was during a short-lived spike.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b162262000000000082230e&amp;maxX=600\" border=\"0\" alt=\"Gold\" width=\"600\" \/><\/p>\n<p>Thus according to their valuation, markets have been completely wrong for 38 out of 40 years. Which makes one wonder what their definition of &#8216;wrong&#8217; is. It seems pretty rich to expect markets to suddenly become <em>sustainably<\/em> &#8216;right&#8217; should they historically have always been &#8216;wrong.&#8217;<\/p>\n<p>Markets are frequently mis-priced, but if you find they <em>always<\/em> are then you need to re-check your assumptions.<\/p>\n<p>(Via the <a href=\"http:\/\/www.ritholtz.com\/blog\/2009\/12\/albert-edwards-gold-is-cheap\/\">Big Picture<\/a> and an astute BP)<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/socgen-gold-has-been-undervalued-for-38-out-of-the-last-40-years-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/richard-bernstein-gold-has-left-the-fundamental-arena-2009-12\">Richard Bernstein: Gold Prices Have Gotten Silly (GLD)<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/as-gold-hits-1200-china-prepares-to-increase-its-holdings-significantly-2009-12\">Rosenberg: Gold Going To $2600 Thanks To China<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/gold-soars-to-within-an-inch-of-1200-2009-12\">Gold Soars To Within An Inch Of $1200<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/MJv7AtsNxq8\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Societe Generale uses the following chart to support their uber-bullish case for gold. By their metrics, apparently gold has only been fairly valued in 2 out of the last 40 years. And that was during a short-lived spike. Thus according to their valuation, markets have been completely wrong for 38 out of 40 years. Which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-58916","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/58916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=58916"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/58916\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=58916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=58916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=58916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}