A six-thousand year old bubble, ”shiny Bitcoin,” and something that no self-respecting central bank should hold in reserves ever.That was Citigroup analysts, laying into gold in a note that came out a day ahead of Thanksgiving, as the investment bank opened the debate on gold’s value ahead of a crucial decision by Switzerland on whether the central bank should more than double its gold holdings.
December gold GCZ4, -1.24% which traded around $1 lower to $1,195.60 an ounce on Thursday in electronic trading, with U.S. physical markets closed for Thanksgiving Day, has seen a choppy year, which has left prices more or less flat.
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