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<p>[QUOTE="Cloudsweeper99, post: 747972, member: 3011"]The rise in gold is in no way a "bubble." People aren't buying on margin, there isn't widespread public participation, the price rise isn't parabolic, and the price isn't gapping up. None of the typical characteristics of a bubble exist. Also, gold isn't the CAUSE of the problems you cite, and a fall in the gold price won't fix anything so don't blame gold -- there is no cause and effect. How do I hope this will end? I hope it will end with the ratio of the gold price and the Dow Jones Industrial Average about 1 to 1. Then it will be time to shift into another asset class, whatever appears promising at the time.</p><p><br /></p><p>If you read too many internet articles from the doom and gloom industry [and yes, it is an industry], it will paralyze your ability to analyze alternatives and act on them.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 747972, member: 3011"]The rise in gold is in no way a "bubble." People aren't buying on margin, there isn't widespread public participation, the price rise isn't parabolic, and the price isn't gapping up. None of the typical characteristics of a bubble exist. Also, gold isn't the CAUSE of the problems you cite, and a fall in the gold price won't fix anything so don't blame gold -- there is no cause and effect. How do I hope this will end? I hope it will end with the ratio of the gold price and the Dow Jones Industrial Average about 1 to 1. Then it will be time to shift into another asset class, whatever appears promising at the time. If you read too many internet articles from the doom and gloom industry [and yes, it is an industry], it will paralyze your ability to analyze alternatives and act on them.[/QUOTE]
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