its not a question of feeling anything about gold.. its a statement of fact.. gold is not overpriced relative to other assets,
house price to gold ratio over half a century or longer it is about mid range between the low of 1980 and the high of 2004/2005, you can do a long term pricechart of anything you like in gold and it will be somewhere within its long term normal trading range.. fiat currency is the exception, it is the one that is devaluing versus other assets.. gold is currently fairly valued versus other assets, it most definitely is not in any sort of bubble territory.. though i assume it eventually will be as the monetary system implodes and hard assets rocket
Ann: Commercial production declared & expansion studies commence, page-88
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