The Gold Bubble
by FinanceCookies - November 3rd, 2009.Filed under: Investing and Opportunity.
The price of gold hit an all time high today with a price of $1,077.80 an ounce. For investors who own gold and are willing to sell, now would be a good time. For those who may be thinking of investing in gold, you may want to stay put. According to some economist, the way gold prices have been increasing, it seems that a golden bubble may be forming around the industry; a bubble which will eventually pop. So don’t be surprised if you see gold prices drop dramatically over the next fiscall year.
August 12th, 2011 at 2:51 pm
HAHAHAHAHAHAHAHAHAHAHAHA!! My favorite part: “So don’t be surprised if you see gold prices drop dramatically over the next fiscall year.” Sounds like some sound economic reasoning. The reason gold will continue to go up is because politicians continue to run deficits and because the federal reserve is willing to print the money to finance them. I have been buying precious metals since 2007 and have been listening to all of the pundits talk about the “bubble”, the only “bubble” there is is in US treasuries and in faith people have in governments around the world to do anything right.