The Coming Gold Bubble

http://econompicdata.blogspot.com/2009/03/ready-to-ride-golden-bubble.html

The excellent post is listed above.

To which we say yes, that is why we own gold!

Actually gold performed quite well during the Great Depression and has held up very well during times of deflation vis a vis shares and real estate which collapse. Ditto 2008.

For those that remember Homestake Mining went from a peak of $90 in 1929 and fell to only $70 a share. And then rose to over $500 by the end of the Depression!

It has not performed well during disinflation which is a different matter.

The whole point about investing is to buy early in the trend and wait for the mania, remembering that at some price, every asset should be sold! I want the parabolic blow off, as should everyone that owns gold.



Silver also offers better upside than gold as a current speculation.

http://thecreativedestructionist.blogspot.com/2009/03/silver-from-heaven...