"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."
Don't know which planet you are on my friend.
comparing things back to 1999 and that's your argument??
rotfl
gallon of gas? :) after 2 middle eastern wars and a manipulated market - you aren't really going to compare them are you?
Coca cola - a publicly listed sweet provider? Well managed I suppose :)
Average house? -- real estate (as opposed to average house) has changed so much in the last few decades - how can anyone seriously compare it to a PM?
Gallon of milk -- massive productivity changes, changes from family farms to corporations - is this a just comparison?
Toyota camry - again, doesn't market changes and technological change mean anything? You may as well compare dirty babies nappies.
DJIA -------------- :):) :) :) a manipulated market index made especially to look good and it is still a return disaster.
You don't really get it do you? Gold physical is WEALTH PROTECTION and purchase power protection.
And gold HAS been the protector of wealth for the last decade or so - do ya get it yet? Huh :)
Do you not get that for the 13 years of your 'comparison' - the world was gearing up to financial disaster?
Do you not get that we have an almost world wide financial debacle?
I am surprised that you can't buy an entire camry for an oz of gold - or 20 trucks of Coco Cola.
Do you not realise there is a game over feeling in iron ore at present?
You think things are fine? Tell that to the thousand that were put off on friday.
Tell that to the stakeholders in Olympic dam.
Tell that to a european banker or someone standing in a soup kitchen line in Greece or homeless in Portugal.
Offer them an ounce of gold and see what happens.
And as to a bubble? ---------- what do you think happens in a real estate bubble? - do you think no one goes to auctions? do you think auctions are as quiet as a church? - obviously not - things are frantic - agents are attacked before auction dates with people trying to get in without participating in the auction. It is standing room only at these things.
Stock market bubbles? - where have you been - brokers and systems are run off their feet ----- every dinner table talks of the latest offering or runner.
Come to Kalgoorlie - all you will get is bored.
Surrounding gold centres ------------- silence.
Do you think that's what they are like in a bubble?
I think you had better get one of those mirrors you can see your backside with - in case someone sets you on fire :)
have a great day all
Pinto
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