Are we in a gold bubble?
Good question.
In the late seventies gold price went from about $75 to $750+ in 4-5 years a rise of 1000%
Gold settled around the $250 and in 1998 started to rise to a high around the $1200 mark a rise of around %500 over 12 years.
At the time gold was at $750 you could buy the S&P 500 5 times over. Today you can buy the S&P only one time.
Is gold in a bubble you be the judge, however, I would suggest that until you can buy multiples of the S&P or at least the DOW by one then I think we are a little premature in saying gold is in a bubble.
The current economic climate will be with us for some time yet and under these circumstances we have a little way to go for gold.
Just trying to keep it real but happy to be proved incorrect.
Cheers
BW
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