# In an op-ed, Prof. Nouriel Roubini explains his views on gold as an investment

1 Faculty News June 1, 2013 ![Project Syndicate logo](/sites/default/files/styles/246w/public/assets/images/con_030500.jpg?itok=ONV7lJ6H)>

Excerpt from [Project Syndicate](http://www.project-syndicate.org/commentary/the-end-of-the-gold-bubble-by-nouriel-roubini) -- "The run-up in gold prices in recent years – from $800 per ounce in early 2009 to above $1,900 in the fall of 2011 – had all the features of a bubble. And now, like all asset-price surges that are divorced from the fundamentals of supply and demand, the gold bubble is deflating."

[Read more](http://www.project-syndicate.org/commentary/the-end-of-the-gold-bubble-by-nouriel-roubini)

Additional coverage appeared on [BDLive](http://www.bdlive.co.za/opinion/2013/06/04/gold-is-still-keyness-barbarous-relic-with-little-value), [The Guardian](http://www.guardian.co.uk/business/economics-blog/2013/jun/03/gold-bubble-bursts-nouriel-roubini), [Livemint](http://www.livemint.com/Opinion/9NUeZuE1RpfCmENvFPyZuN/Nouriel-Roubini--After-the-gold-rush.html), [Slate](http://www.slate.com/articles/business/project_syndicate/2013/06/gold_bubble_paranoid_investors_pushed_gold_to_1_900_an_ounce_in_2011_but.html) and [Yahoo! News](http://za.news.yahoo.com/gold-still-keynes-barbarous-relic-little-value-032745483.html).