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Gold in a bubble?

derrybderryb Posts: 36,795 ✭✭✭✭✭
in Precious Metals
0.8% of all global financial assets are currently invested in gold, gold shares, and gold ETFs.

In 1932 it was 20% and in the 1980s it was 26%.

TODAY? 0.8 Percent!

Gold in a bubble? I seriously don't think so.

And what happens when that 0.8% starts getting back in step with historical percentages? Got Gold?

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
    Gold is not in a bubble. It will always be a safe haven. Our printing press governments are to thank for that.
  • InYHWHWeTrustInYHWHWeTrust Posts: 1,448 ✭✭✭
    the article on kitco says, 'shout bubble from the mountaintops' or something like that image
    Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.
  • cohodkcohodk Posts: 19,105 ✭✭✭✭✭
    Nope not yet.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BearBear Posts: 18,953 ✭✭✭
    Bubble , bubble, toil and trouble!
    There once was a place called
    Camelotimage
  • CaptHenwayCaptHenway Posts: 32,127 ✭✭✭✭✭
    Bubbl-icious!

    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • BearBear Posts: 18,953 ✭✭✭
    At any given period of time, gold can be a terrible investment.
    However, over a long period of time, say 20 -30 years, it will
    maintain its relative value . This means that in 30 years, it will take
    the same amount of gold to buy a car, house or washer dryer then
    it does today. In shorter periods, it can lose half to 2/3s of its relative
    value.If you are a short times, you makes your bet and you takes your
    chances.
    There once was a place called
    Camelotimage
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