Is Gold In A Bubble? A Visual Aid

[Ares]

The traditional response by all septics who see spot inches away from $1,300 (in addition to you can't eat it of course) is that it is in a bubble. Where do they get the basis for this conclusion? Irrelevant. It is up. It must be in a bubble. So for all who actually do care about factual justifications, here is a case by case comparison of all other assets that have previously been in a bubble compared with the levels achieved by gold and silver in the recent move (which courtesy of the race to the bottom, or two bottoms as we will shortly highlight courtesy of John Taylor, will go much higher, as devaluation on an absolute basis relative to something tangible means gold has only one way to go). So courtesy of Sharelynx, here is gold/silver vs 50 historical bubbles.

<img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/shirakawa/Gold%20Bubble_0.jpg"/>

http://www.zerohedge.com/article/gold-bubble-visual-aid

[chad]

i'm going to print this out and carry it around in my pocket to show people.

[mamboni]

i'm going to print this out and carry it around in my pocket to show people.


Yeah, and that's gold and silver appreciation over a TEN YEAR period. Bubble my hairy ass! :ROFL:

[uranian]

shark liver bubble?? south seas and tulips i'm familiar with, but that's a new one!