Does this look like a bubble to you?
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That is sucker bait, and there was plenty of suckers rubbishing me right here on HC saying it was going to $5,000, $10,000 and I had no idea what I was talking about.
Of course it was a bubble
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The Shine Is Off
Paranoid investors pushed gold to $1,900 an ounce in 2011, but the bubble has burst.
http://www.slate.com/articles/busin...ushed_gold_to_1_900_an_ounce_in_2011_but.html
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