Gold: Trading over $1,300
“Contradictions do not exist. Whenever you think that you are facing a contradiction, check your premises. You will find that one of them is wrong”, Francisco D’Anconia to Dagny Taggart in ‘Atlas Shrugged’.
I see it as one of two possibilities, either the dollar is in secular decline in value or gold is a bubble. Either opinion has valid arguments, what are your thoughts?
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October 5th, 2010 at 3:53 pm
Gold is in a bubble. I’ve been watching gold for a long time; since about 2000. As your chart shows it’s had quite a meteoric rise. I was thinking it was in a bubble 3 years ago. Just shows you how long a bubble can really take to form before it ultimately it pops.
October 5th, 2010 at 5:00 pm
The dollar is in decline and gold is not in a bubble yet. Also Silver is a good buy as well.