Is GOLD (/silver/etc) a bubble?

Is GOLD (/silver/etc) a bubble?

  • Yes

    Votes: 18 31.0%

  • No

    Votes: 40 69.0%
  • Total voters
    58
All the TV and Radio ads pushing metals are reaching record numbers This is an early indicator of a bubble.

Same thing happened with the housing bubble, remember all those TV and Radio ads/shows regarding house flipping and the subsequent bubble.
 
Quote from Debaser82:

Nice strength in the face of consolidating stockmarkets.
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I beg your pardon? What about the stock market is consolidating?

The thing is going straight up!
 
What I notice is that the same people saying that gold is in a bubble now are the ones who were telling people to stay away from gold when it was at $300. Let's face it, the vast majority of people in the financial community regard gold as a quaint anachronism, if not a barbaric relic. For as long as that remains true we won't be in a bubble.

Gold is volatile, and I can't tell you where it will be next week or next month. I won't be surprised to see a run down to $900 before there's another solid uptrend. But for as long as the value of our currency is determined by politicians and their banker enablers, I am confidant I'll never see $500 gold again.
 
Quote from Ivanovich:

I beg your pardon? What about the stock market is consolidating?

The thing is going straight up!
More...

Well, three weeks later and it sure as heck looks like it's consolidating. Meanwhile, gold is back above $1200.
 
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