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Looks like a bubble to me
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<p>[QUOTE="Cloudsweeper99, post: 669255, member: 3011"]Rising prices are not a bubble. Bubbles are characterized by widespread public particpation, the use of leverage, and parabolic prices. Think about NASDAQ stocks in the late 90s and real estate several years ago. Gold prices do not exhibit any of those characteristics. I doubt that gold makes up even 1% of total portfolio assets. It has a long long way to go.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 669255, member: 3011"]Rising prices are not a bubble. Bubbles are characterized by widespread public particpation, the use of leverage, and parabolic prices. Think about NASDAQ stocks in the late 90s and real estate several years ago. Gold prices do not exhibit any of those characteristics. I doubt that gold makes up even 1% of total portfolio assets. It has a long long way to go.[/QUOTE]
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