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Looks like a bubble to me
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<p>[QUOTE="cjh1985, post: 666541, member: 19846"]I don't follow gold much, but it seems to me it could be the next bubble to pop. </p><p>Correct me if I'm wrong but gold has gone from about $250 an ounce 2000 to about $950 now (14% return on average). Almost 10 years in a row without so much as a 20% pullback. Through 2 recessions and 2 stock market crashes, it has gone steadily up. And what gets me is, gold isn't even used for anything, except maybe jewelry and coins.</p><p>We humans just go from one bubble to another. Some will say "this time it's different", "Inflation is around the corner", "interest rates will go up" - well if that's the case <u>then why has gold been going up for 10 years when interest rates and inflation have been </u><u>coming <b>down?!?.</b></u></p><p>Just my humble opinion - thanks for listening.[/QUOTE]</p><p><br /></p>
[QUOTE="cjh1985, post: 666541, member: 19846"]I don't follow gold much, but it seems to me it could be the next bubble to pop. Correct me if I'm wrong but gold has gone from about $250 an ounce 2000 to about $950 now (14% return on average). Almost 10 years in a row without so much as a 20% pullback. Through 2 recessions and 2 stock market crashes, it has gone steadily up. And what gets me is, gold isn't even used for anything, except maybe jewelry and coins. We humans just go from one bubble to another. Some will say "this time it's different", "Inflation is around the corner", "interest rates will go up" - well if that's the case [U]then why has gold been going up for 10 years when interest rates and inflation have been [/U][U]coming [B]down?!?.[/B][/U] Just my humble opinion - thanks for listening.[/QUOTE]
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