gold chat, page-188

Haha touche Skol you repeat my assessment of you in siege mode very funny, I like that.

If you love bubbles why not go and find one? You thought gold was in a bubble at $1100 and i thought it was just starting to catch up. Have you considered that gold fell into a false low after 1997 due to Barrick et al and the shorting? To me it barely hit under 4.75x the 1997 value in that $1900 short term peak, and after 22 years might be wise to adjust for inflation.

I also note housing ran circa 14x from 1980 to 2007 and being a debt based acquisition asset is due for a long period of stagnation at best due to the debt bubble (even after inflation).

Do you not think your commercial real estate and residential real estate are in a bubble? And that bonds are in a bubble? And that debt to GDP levels are in a bubble?

I don't understand your reasoning.
CW