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Originally Posted by backlinks.us
I think that it can not go on like this forever and that it is going to reach its cap soon. Even though there is a limited amount of gold, i see a big similarity with the housing market bubble.. Hype hype 
Do you guys think that the gold bubble will pop someday soon or not at all? |
I'm far from an expert but if you look historically at gold, and understand that is rises as the USD falls, then the only logical explanation would be that it will continue to rise until the USD is stabilized somehow.
The thing that gives me the heebie-jeebies about gold is, countries are literally buying it by the ton right now, even though it is at its highest price ever, as are central banks. That is not something seen in any other bubble that I am aware of. They are preparing for the worst already, and I have to believe those in charge of buying
tons of gold may be a little more educated on the subject that any of us, or anyone we know.
Something will give sooner or later. I'd rather see gold fall back to $500 than the USD collapse, but as the USD inches nearer to a meltdown, gold has no choice but to rise as investors, countries, banks, and Joe Blow all try to protect themselves and get out of the USD while they can.