Top Ten Signs of a Precious Metals Bubble

derryb

Published by Peter Schiff in 2006 when metals were "accused" of being overpriced (gold was at $600, silver at $12):

Top ten signs that a precious metals bubble is actually forming

10. Commodities trading jackets are the best selling items at Abercrombie & Fitch

9. George Foreman is the pitchman for an infomercial featuring a "Home Panning Kit"

8. The most popular major at Chico State is Geology

7. Due to high prices, Olympic metals are replaced by ribbons

6. Monster Park in San Francisco is re-named Glamis Field

5. Analysts upgrade shares of McDonald's based on mineral rights to its real estate holdings, bringing new meaning to its "golden arches."

4. Snoop Dogg introduces the "Bling Mutual Fund."

3. Hustle and Flow wins another Oscar for their single "It's Hard out Here for a Miner"

2. The WB has a new hit show about teenage prospectors called "Dawson's Claim"

1. Tom Cruise and Katie Holmes name their newborn son Newmont.

edmundfitzgerald

Thanks for the morning laugh.

57loaded

did he puposely misspell medal for metal?

ricko

Some good ones there... Letterman would be proud... Cheers, RickO

johnny9434

thats funny. thanks for sharing

sonoranmonsoon

I like the first one best. lol

fiveNdime

<< <i>did he puposely misspell medal for metal? >>


freudian slip?
the winner must have mettle to win one of 3 metals in the 3 medals...

Baley

heh, how about some of the real signs we saw, like in March and April of this year:

CNBC sends Jane Wells to a coin show and she also inverviews one each bullish and bearish silver investor

Articles about rising gold and silver prices make the front page of the Wall Street Journal

People who know you invest in metals, but have shown no interest in metals in the past, come up to you and ask how they can get started investing in metals

jmski52

About 5 years ago, my older brother asked me, "should I buy silver?" I told him that I'd be thinking about it, if I were him.

About a year ago, he said "you've been buying silver, haven't you?" I said, "yup".

It's not even close to being a bubble.

Baley

GLD and SLV since 5/24/11

roadrunner

This is one of the top 10 signs of a precious metals' bottom.....digging up old threads that references precious metals' bubbles.

derryb

<< <i>heh, how about some of the real signs we saw, like in March and April of this year:

CNBC sends Jane Wells to a coin show and she also inverviews one each bullish and bearish silver investor

Articles about rising gold and silver prices make the front page of the Wall Street Journal

People who know you invest in metals, but have shown no interest in metals in the past, come up to you and ask how they can get started investing in metals >>


These are signs of a bubble?
Look more like signs of growing popularity. Guess my I-phone is officially in a bubble.

Baley

<< <i>This is one of the top 10 signs of a precious metals' bottom.....digging up old threads that references precious metals' bubbles. >>



you may be on to something there!

Julio

"This is one of the top 10 signs of a precious metals' bottom.....digging up old threads that references precious metals' bubbles". roadrunner . Take care. jws