Replies to post #151358 on Langlui's Big Board and Options Plays

[bmw328]

http://hk.news.yahoo.com/%E6%91%A9%E9%80%9A%E7%B1%B2%E5%A2%9E%E6%8C%81-%E5%8C%AF%E6%8E%A7%E4%B8%8A%E6%9C%9B88%E5%85%83-212720511.html

[langlui]

CHART OF THE DAY: Why John Paulson Says There's No Gold Bubble
Joe Weisenthal | Oct. 31, 2011, 11:01 AM

John Paulson gave a speech last night to the Chinese Finance Association, where he discussed gold, inflation, the outlook for the economy, and what he's investing in.

A key point: He's still a big believer in gold, and he thinks talk of a bubble is ludicrous.

Why?

This picture was taken by trader and twitterer Brenna Hardman, and in it you can see what Paulson is getting at. Gold holdings as a percentage of pension and money market funds remains ultra-tiny. You can make a case about whether or not this matters or not, but the gist of his argument is that you can't have a bubble when ownership is this tiny.