harvett,Of course gold is way overpriced, the bubble chart shows...

harvett,

Of course gold is way overpriced, the bubble chart shows that and the above chart shows that long-term gold is a lousy bet.

The FT report that gold demand has fallen to a 4 year low.
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Global gold demand fell to a four-year low in the third quarter amid widespread investor disillusionment with the precious metal.

Many analysts and investors have proclaimed the end of gold’s decade-long bull run this year as the metal has tumbled as much as 38 per cent from 2011’s record high amid heavy selling.

Gold demand was 869 tonnes between July and September, according to data published by the World Gold Council, an industry lobby group.

That was down 21 per cent from a year earlier and the lowest since the third quarter of 2009.