Is Gold Overvalued @ Over $1,000?
Nevada gold nugget
Gold is tangible and has worldwide value. That is compared to real estate which is still in the process of correcting from nosebleed valuations, bonds issued by punch drunk governments trying to avoid economic pain, and let’s not forget companies that are being bid to the stratosphere just because they are awesome cost cutters. How will these companies increase their revenue streams unless someone takes the mantle from retrenching American consumers?
No – gold is not overvalued as compared to other asset classes.
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The real estate bubble burst, the financial market bubble burst, the credit market bubble burst, the energy bubble burst, the commodity bubble burst, the stock market bubble burst. Money moved from asset class to asset class along the way.
The next and final bubble to burst will be gold. History says it will. Gold is neat but you can’t do anything with it except cash it in for money to do something else with. When people start to head for the cash register, the price will plummet as viciously as the stock market. It always has. It always will. The slower ones will be left holding the losses and the gold bug rhetoric. I’d rather take my chances with inflation.
Australian Gold
Real estate is tangible in a sense that in the end it is a physical item that will have some value, we just turn it into something transparent with all the unnecessary addons. Gold: You buy it, have it, sell it. No strings attached. Not so much real estate.
Arizona silver