Monday, June 20, 2011

Six "Gold Bubble Myths"

From Mineweb:

Yes, growth in global gold demand is rapid. No, another decade of quintupling prices isn't nailed on. But neither of those facts make gold a "bubble" today.
In fact, anyone calling gold a bubble right now is talking through their hat -- at best. Take these jokers, for instance, all holding forth in the last month...
MYTH #1. "GOLD IS A CROWDED TRADE"
The finance pages are packed with gold headlines, but actual investment levels remain low. In the early 1980s, private-bank clients...
Read full article...
More on gold:
Why another big gold correction is guaranteed
Top trader Gartman: Gold will replace the euro
Gold isn't enough: This is what you'll need to survive in a real crisis
View the original article here

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