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> everyone rushes Who is rushing to buy gold? I'd be surprised if more than 1% of households have meaningful gold exposure.
by rubashov 15y ago
> everyone rushes
Who is rushing to buy gold? I'd be surprised if more than 1% of households have meaningful gold exposure.
- Symmetry 15y agoI'd be surprised if more than 1% of household had actually held tech stocks in 2000, also.
- InclinedPlane 15y agoLook at this graph: http://blog.thomsonreuters.com/wp-content/uploads/2011/04/GLD_INF0411_SB.jpg http://blog.thomsonreuters.com/wp-content/uploads/2011/04/GL... Is that the sign of an investment that keeps growing in value steadily across the ages or merely the sign of a speculative bubble about to burst? Hint: look at the late 70s as well.
- illumin8 15y agoHave you considered that the chart merely shows the value of gold in US dollars, and that it could be, this time, that the US dollar is the speculative bubble that has been bursting for some time now.
- InclinedPlane 15y agoIt has two lines, one is for prices adjusted for inflation (the blue line), the other (the yellow line) is with absolute prices.
- gsmaverick 15y agoInflation rate doesn't properly reflect the change in the value of the US dollar. A better line would be one adjusted for the growth in money supply.
- Steko 15y agoInflation is the proper measure. The chart might not say what you want it to but that's not it's fault.
- william42 15y agoEw. Is there a version of that graph that's on a logarithmic scale?