Barrons magazine, much more reliable than goldbug websites that you've got to take with a grain of salt.
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Bang on there Skol. We wont see a bubble in gold and silver until amateurs (in droves) start transfering their wealth to gold and silver... When the US version of the local pak n save's workers start buying etc..
Is that really happening? (yet)?
I find it interesting that some people think Gold could be in a bubble or even some say that the the US is deflationary (the USD goes down..thats inflationary isn't it?), anyway I notice when I might mention Gold and the ****e that the world is in with my mates and family, no-one knows what is going on, and what the price of gold is doing and to be frank most of them don't care. Now this is across alot of different age groups and professions, which does surprise me. I suppose this could be a little ongoing experiment that could be my own way of knowing when I might sell.
So I'll just wait for my mum to bring it up over some homemade scones :)
This is same for me.. No one cares about gold.. no one is talking about gold.. And like all kiwis I interact with multiple sections of society. No bubble at all yet. People are extremely wary of all things financial these days. Including gold and silver.. It will take a lot to move that attitude into bubble territory.. INFLATION in the US anyone? Enough to kick mania into gear? We all know the US will get it soon.. it's just a matter of when and how much.
In the meantime.. all my mates mildly mock me for my gold bug tendencies..
Never mind, we have to take it on the chin.. Here's a chart we might have seen before, describing a general bubble. The text with it is also useful, showing that the move to gold is very minor, compared to bonds for example. Some timing ideas for runs on gold included.
http://www.marketwatch.com/story/the...2?pagenumber=1
There are some shaky gold explorers around, who are managing to stay afloat in the current environment. Unless they get very lucky, we can do without them. But those who are sound junior or mid-tier producers will have great quarterly reports this year. Goldmining is a relatively straightforward business, the books can be worked out well in advance, no problem with inventory, assuming the gold price holds.
And has gold/silver inflated any more than many other common commodities this year in US$? No.
http://www.ob-research.com/Chart_of_...the_Real_World