this thing is just amazing me. week after week we are hitting new high. This bubble has to burst (though it may take some times and it may go much higher).
With each rise of the price of gold, the likelihood of continuing the FS collection is getting less and less. I can't get behind too much further or I will be in trouble.
What makes you think gold is in a bubble? Ever consider it is the US dollar that is now in a bubble? If and when it pops, gold should go up.
While it is true that all bubbles occur at all time highs, it is not true that all time highs signify a bubble. Most of the time it is just the outcome of a bull market. There have been only two legitimate bubbles since the end of World War II. One was the internet stock bubble in the late 90s and the other was the real estate bubble that ended in about 2007. When gold starts moving up $100+ per week for several weeks in a row, then we can talk about a bubble. Right now it is just the fundamentals playing out.
I agree with this.... I am almost 100% I will get to see the fall of the dollar in my life time. Should be quite interesting! :hail:
as of now: 1132.20 Bid 1133.20 Ask +13.70 +1.22% 1124.30 Day's low 1133.30 Day's high. Crazy? No, insane.
The supply of above ground gold is limited. How many Olympic sized pools do you think it would take to hold all of the world's existing (mined & refined) supply of gold?
why expect it to burst? just let it ride. who cares. you'll just be more disapointed and shocked when it doesn't.
Where do we go from here? It's all about Fear & Greed. Ride a bubble until you are content. Once you feel safe... WATCH OUT.!!! That's when the tables turn. Then you go running into panic mode. When examining bubbles, Knowledge is essential as is historic chart data. 1st... My understanding is that the US Dollar has been falling. That's why The Stock Market & Gold is going up. The fundamentals are worsening with bankruptcy and unemployment rising, and interest rates flat. 2nd... I prefer to not listen to all of the hype about GOLD or anything/anyone that says 'BUY THIS NOW, PRICES WILL BE GOING UP!' Ask yourself... Why would someone pay to place an ad to sell something, when they feel it will be going up in the near future? I would rather invest in something where no one is currently looking. That's where you get the deals. 3rd... Knowing that History repeats itself... What will the buyers 10 years from now wish that they kept from their childhood? Cars,Coins,Stamps,Videos from the 1990's? I don't know. Any thoughts are welcome!
Seriously, though, gold isn't at an all time high. I believe in the 1980's it hit $800 an ounce. Based on inflation, it would have to be about $2400 to be at an all time high, inflation adjusted. Which brings me back to my original statement......maybe it's the dollar bill that is in a bubble.
I will probably wait on Margaret Taylor. Hopefully, gold will fall before she goes off sale in a year.
You are correct, of course. For some reason, people like to measure gold from the very brief one-time spike in gold futures in early 1980 -- usually to make gold look bad. I'll wager that almost nobody purchased or sold physical gold at that price. It was all paper. It would be more accurate to measure from the levels that existed for most of 1979 and 1980. http://www.bullnotbull.com/archive/gold1980.html
