skol, don't be ridiculous. A trend is there to be ridden "until the bend at the end". I wouldn't call gold a bubble yet, as progress has been quite measured. I'd call it more of a slow motion tidal wave. As an investor that is one wave you need to be on surely. You seem to be very averse to bubbles yet that is where the big money is made so long as you step off before the trend change of which there is usually enough warning to keep most of your profits.
Instead of trying to "save" people from losing by not getting involved you would be doing more good to suggest that a trend is fine to ride so long as you have protective steps in place, ie a suitable stoploss. Surely you cannot argue that gold is not in an uptrend?
If you'd ridden the trend in the XGD gold sector over the last 5 years compared to the XJO you'd be up 150% compared to having gone exactly nowhere on the XJO. If you'd started with $1,000,000 you'd have $2,500,000 in XGD compared to the same $1,000,000 on the XJO. And the Aussie gold sector is poised to re-rate further as US and Canadian money finally realizes how cheap our goldies are compared to theirs.
