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?

Comments

  1. 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.

  2. Mossy

    The dollar is in decline and gold is not in a bubble yet. Also Silver is a good buy as well.

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