Have a read of this piece of rubbish, http://www.fool.com.au/2011/10/investing/the-gold-bubble-in-pictures/
Those graphs look extremely persuasive. If I didn't know what I already do about the US economy and its inevitable collapse due to debt, I'd be re-thinking my gold buying after seeing those graphs. Oh well, in it for the long haul anyway!
Lets hope if the end of the world is acheived through death by meteorite then it follows a Parabolic path so its last trajectory can be plotted on a graph. Would hate for half the world to miss this. REDBACK
some other graphs comparing bubbles. I untick the oil one to get a clearer view. http://www.thumbcharts.com/1300/gold-at-3000-only-if-bubbles-repeat
An evil piece of confusing double-speak. They say: "Another popular theory for current gold prices is that the portion of the world's wealth that is held in gold today is markedly lower than at any time over the past 100 years. As a result, it purportedly follows that there couldn't be a bubble because investors are allocating away from gold, as opposed to toward it."...which is correct and a brilliant observation to put forth into people's minds (this peice of information alone is enough to get people interested in gold). Then he goes on to say that we should go on to buy Coca-Cola Amatil shares and that using common sense we would see that gold is in fact in a bubble.
Dr Alex Cowie of Drillers and Diggers is forecasting "gold will pass $2,000 by Christmas". Also, the US publication of Daily Reckoning holds the view that "gold is not in a bubble .... yet!"
"Long Haul" might mean another 10-15 years. Nothing happens as quickly as we think. People were already predicting hyperinflation of the US dollar as early as the 1970s. If things do go hyperbolic, we had all better hope the price gains will make up for the lost income all those years of zero cash flow denied us. When/if it does go hyperbolic, I'm not going to wait too long to sell, because the subsequent deflation is going to be quick and brutal.
Would be incredibly frustrating to have stepped off too early from the bull market after staying in for years waiting for it though wouldn't it. Say for example, at 100,000,000 Deutsche Mark:
I suppose the domain name says it all. The difference with gold compared to all the other tradeable assets mentioned in the piece is that gold has been considered real currency - to those with any sense anyway... :/ And of course all the other bubbles were used with fiat currency. I am happy to swap my fiat rubbish for gold
