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Originally Posted by SomeCreep
It's soooooo obvious that this appreciation in gold is a bubble. I think it still has lots of room to run though. When it pops, watch out. It's going to be just like the bubble we had in Oil. $200/barrel one month, $30/barrel the next.
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LOL@Gold is a bubble logic. The most moronic economists have that view because they have to believe in their keynesian bullshit and fiat currencies. If Gold is a bubble, it's going to be a "bubble" for decades or even centuries. As long as fiscal and monetary mismanagement exists, gold will always be "precious".
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Silver is another good investment, but I don't agree that gold is overbought.
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I think it is. Most people who are into precious metals are "gold bugs". They see gold rising and see $5,000+ in the near future and jump on it. Silver is the one nobody really looks at and is tremendously undervalued.