The funny thing about gold that sets it apart from stocks is that it doesn't go up in value, the dollar sinks... Is this a bull market on gold or is it the end of the fiat dollar? The end of the fed? The end of the U.S. as we know it?
Bubbles are increased perceived value of something not increasing in actual value. Gold is the inverse of the dollar. It is not rising because perception of gold is rising, it's the perception of the dollar that is going down which makes it appear gold is going up.
What you're seeing is not a gold bubble. The dollar has been in a bubble for the last 100 years due to Bretton Woods and the federal reserve scams. The dollar bubble is finally collapsing and as the dollar bubble deflates, gold only appears to be worth more due to the vacuum... It's not rising, it's reflecting the collapse of the dollar bubble!
I don't think we've yet experienced the result of all this debasement or the final destination of the dollar, and gold should inversely proportionally rise when the inflation finally sets in and is realized..
I bought lots of gold around $350 and I'm still sitting on it... I made a bet here on that gold when it was $600 and won that bet. I'm now going to predict $2000 /oz. on gold as the dollar slides into oblivion.
Good to see you Coydog.
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