- Joined
- Oct 4, 2010
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- Very Conservative
Is gold a bubble, or does gold reflect the real price in today's world.
I ask this because there are a lot of reasons to hold gold. There are a lot of reasons to invest in gold. But there are very few reason I see to continue to buy gold at these prices.
I fear inflation, so I am hedged in foreign bonds.
I fear a future spike in inflation, so I am short US 30 year bonds.
Gold continues to be mined. There are very few industrial uses for gold. Gold does not degrade/rust, so as in oil the more you use the less you have.
Talk of gold as a can never lose bet, makes me think we have entered bubble time.
I think it may have more legs, but in 2005 the realestate market had some legs left too...
I ask this because there are a lot of reasons to hold gold. There are a lot of reasons to invest in gold. But there are very few reason I see to continue to buy gold at these prices.
I fear inflation, so I am hedged in foreign bonds.
I fear a future spike in inflation, so I am short US 30 year bonds.
Gold continues to be mined. There are very few industrial uses for gold. Gold does not degrade/rust, so as in oil the more you use the less you have.
Talk of gold as a can never lose bet, makes me think we have entered bubble time.
I think it may have more legs, but in 2005 the realestate market had some legs left too...