Gold cant be a bubble. It is different from everything else.
There are many many reasons. Should the price correct (which it will) it will recover its price in a couple of years.
The thing about Gold is that, unless alchemy happens to be something other than utter bullshit, we will always have the same quantity while demand rises do to 3 factors:
1. More population i.e more demand for the same amount of gold
2. Use in electronics which drives demand up
3. The fact that ppl trusth mother nature more than the federal reserve.
Like... ppl who dont like Glenn Beck are betting against gold and that is just the same as ppl who bet against global warming because they dont like Al Gore. Gold is one of the few things we can be almost absoluteley certain about.
edited 21st Sep '11 9:15:08 AM by Baff
I will always cherish the chance of a new beggining.