u.s treasurys not in a bubble but gold is

This Is MOPE at its best

http://money.cnn.com/galleries/2010/fortune/1008/gallery.five_investing_bubbles.fortune/3.html

On Treasurys
Verdict: not a bubble
The national debt is still a manageable 40% of GDP. Economists warn that growth will slow when it reaches 90% of GDP. The Congressional Budget Office projects it will take nine years to get to that level, and that's if Washington, which is debating the deficit, does nothing.

On Gold
Verdict: a major bubble
Gold has already started slipping. It declined 6% in July to a recent $1,160 an ounce. Some economists are warning that continued weakness could lead to deflation. If that happens, expect gold to crater.