Gold is a bubble all right, there's many indicators, here's another one, gold is so out of whack with other asset classes it's due for a bust.
1 oz of gold 1999 $275 2011 $1800 +554.5%
Gallon of gas $1.30 $3.56 +173.8%
Coca cola $1.14 $1.79 +57%
Average house $119,600 $156,100 +30.5%
Gallon of milk $2.88 $3.75 +30.2%
Toyota Camry $17,518 $19,820 + 13.1%
DJIA $11,000 $12,000 +9.1%
Delude yourselves that all is well and gold will proceed to $3500 as Andyglo's 'mate' reckons.
All in USD
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