Gold bubble? Right now PMs are the cheapest they have ever been in relationship to everything else out there. All other asset classes are in major bubbles.
It's all about timing and the time to accumulate gold/silver is right NOW.
Yes gold bubble. People’s collective decision to place extreme value on what essentially is a relatively useless lump of metal. I would attach a historical gold price graph but I can’t seem to attach any pix.
I probably won’t take any gains. For me btc was more as a hedge for the future in case a decentralised currency really takes off. It’s possible it could happen so btc is my best bet for a hedge as it is gathering critical mass.
We will see money moving out of gold and into btc. I’ve never liked gold as it produces no yield and thus cannot be valued. It is inherently a bubble. Ironically though I believe there is eventual upside in gold as much of the same thinking and fears that are driving btc actually apply (and thus validate) gold also. So for the first time in my life I am considering buying gold and some gold mining companies.
