Jul 012010
Many argue that gold is in a bubble. From what I know, bubbles exist when asset are euphorically pursued by the average person sending values to extreme levels.
According to JP Morgan, gold as a proportion of total global financial assets is 4%. In 1982 it was 17%. Does this sound like much of a bubble to you?
Gold is Way Under-owned Compared to Other Times When the World Sucked.
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