Tuesday, January 15, 2013 10:16:50 PM
As far as a bubble, the price of gold adjusted for inflation should be around $2,300 per ounce right now to be equivalent to the peak price made in 1980. As such, I consider gold a good value at today's price but expect to see it rise significantly over the next few years as higher real interest rates unfold and inflation takes hold. I can see gold at $3,500 per ounce when all is said and done, and at that time I'd deemed it in the bubble class. Of course, everyone has their own opinions and that's what makes up this crazy world.
Anyway, good trading to you and have a good day.
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