http://kingworldnews.com/kingworldnews/ ... Abyss.html
Is this definitive evidence that gold is not at the end of its bull run?
Definitive evidence gold is not a bubble?
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murphy_p_t
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Re: Definitive evidence gold is not a bubble?
Tough to say. I am a hard money advocate, but I don't think it's as easy as comparing to US money supply. While the US's monetary base has increased drastically, other countries were not hit hard by the financial crisis or have rolled out austerity and the global monetary base has not increased at the same rate. Remember gold knows no borders and isn't just a currency hedge for the US exclusively...
According to the same chart from your source, since 1990, monetary base increased 7 times. The global monetary base in the same period was up 3.6 times. Gold has gone up since 1990 over 4 times (400 to 1600).
Not as definitive as I would like...
According to the same chart from your source, since 1990, monetary base increased 7 times. The global monetary base in the same period was up 3.6 times. Gold has gone up since 1990 over 4 times (400 to 1600).
Not as definitive as I would like...
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whatchamacallit
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MachineGhost
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Re: Definitive evidence gold is not a bubble?
No hyperbolic blowoff top == no bubble.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: Definitive evidence gold is not a bubble?
Even so, "no bubble" doesn't mean gold prices won't go down, either. Just like "bubble" doesn't mean that it won't go up.MachineGhost wrote: No hyperbolic blowoff top == no bubble.
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MachineGhost
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Re: Definitive evidence gold is not a bubble?
True, but we won't have a drawn out Japanese-style deflation without a mania blowoff top.dragoncar wrote: Even so, "no bubble" doesn't mean gold prices won't go down, either. Just like "bubble" doesn't mean that it won't go up.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!