arrh, bubble? i think not., page-18

Skol,

Note some of your posts where you say gold has performed terribly in the last year, and on this post it is the best investment since 1999 !!

While both statements are correct, you can use any period of most investments to support you line of thinking, perhaps you could also say in 1978 when gold was $850, then back to your 1999 figure of $275, what a terrible investment.

My only thought on the gold price going forward is there is so much value/money in the world at present and a total of 5 billion ounces of gold, or $8.5 (approx) trillion dollars worth, or less than the external debt of germany and france combined (did not want to put US or Euro Union $35t !!)

Of the 5 billion oz what percentage is for pure investment, perhaps 30% (wild guess) or about twice the Aust share market, not much in a global sence.

Time will tell, am sure in the next 2 years we will see higher and lower than the current price, the prize is knowing when.