Is Gold A Bubble?
15 May 2010
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Compare the rise in gold compared to other notable bubbles from recent years. You decide.
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honestly, I'd consider gold and cash. if you don't own any pm, scale into some positions over time. Also don't forget silver. You can pick up some silver american eagles at your local dealer to get started (if they have them in stock – hard to find right now). maybe allocate some funds towards ETFs like GDX which are gold mining companies.
Don't over-do it and be cautious and think of it as a long term play. I think this has years to play out.
If the economy really recovers, yes you're correct. Our difference is that I don't think the recovery is real. The price of gold will tell us. If the recovery is a fraud and the Dow goes to 20k, yet gold is at 10k, well we'll know the recovery was only due to government spending/printing/inflation. If dow hits 20k and gold stays at 1k, then we'll know we had a genuine recovery and you were right.
Gold is the B.S. meter. Even if you don't own it or invest in it, it's still the most important thing to watch because it tells us how real the "recovery" is.
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