gold, page-84239

Currently all assets are expensive, that includes gold and other PMs, property, stocks, bonds, cryptos, everything. This is because interest rates are almost zero which means there is no reason to hold cash and borrowing is cheap. Because governments and central banks are pumping money into the system there is a lot of cash looking for something to buy.

What I would pay for a business in this environment is very different to what I would pay in a high interest rate environment. If bank deposit rates were 10% I would want at least 15% return form a business, but if a bank deposit is earning 0%, then 2.5% from a business starts to look attractive.

Asset prices will correct at some point but I think it may take a few more years yet. When it does happen I expect all types of assets to fall together. They went up together and they will fall together.
I don't think we will see stock markets and property crash but gold prices stay high.