And like some have said, where else will people put their money? I wonder if there is a gold bubble now. Not knowing a lot about gold, I am just curious.
I read that Jim Rogers is out of gold....supposedly Soros as well.
I can say with absolute confidence that there is no gold bubble at this time, because I haven’t bought in yet. The day I do buy into gold, the bubble will be confirmed, and will most likely burst only moments after I take a large position.
People can make a lot of money contrarion investing using me as the benchmark.
Gold is higher than it has ever been, even adjusted for inflation.
The last time it was near this high was in the early 80’s when it was $1550 in today’s dollars (~$800 then).
Never buy gold as an investment, just as a last resort in case of hyperinflation.