'speculators all over gold, leverage leverage leverage POP!'
You could say the same about Property. Leverage, leverage, leverage POP!
Property prices are not determined from just Supply & Demand. You also need to factor in availability of credit and also interest rates in paying back the credit.
Gold prices are not only determined from just Supply & Demand. The POG is also affected by confidence in Fiat money and is also a safe haven in terms of crisis. Gold is currently in a Bull Market, we havent even hit phase 3 of the Bull yet, which is when the public start to buy where there is a genuine fear that the USD will collapse.
Being over leveraged in a high inflationary enviornment is dangerous whether that be Gold or Housing. Interest rates will be forced up regardless of the Fed or RBA.
