As Bloomberg is taken to task for advancing the claim that “Gold is now a bubble compared to US Blue Chip stocks,” a New York Times column suggests possible remedies for a possible gold bubble, prompting Dealbreaker to remark that “of all the candidates we’ve seen for the Next Big Thing in financial crises – student loans, social media stocks, U.S. treasuries – gold looks like a pretty weak contender.” And a Reason magazine blog post offers this experiment: “Let’s play a game with this bizarre, elitist Steven M. Davidoff column in The New York Times, shall we? Let’s swap out the word gold and replace it with variations on the dollar.”
The Street: Gold stalls as government intervention looms
Trader Dan: Gold marking time
Xinhua: Gold firms as physical demand boosts prices; silver gains 0.7%
Coin News: American Silver Eagles near 29 million in sales for 2011
Coinflation.com: Silver coin melt values
Barron’s: Silver ETFs edge up; China to boost buying Of Gold?
CNBC: Special report – The golden age of gold
The Street: 4 reasons gold remains a safe haven
Reuters: Emerging central banks boost gold holdings in July
Ralph Benko: U.S. elites begin to confront the paper dollar
Money Morning: Why gold will replace U.S. Treasuries as the world’s last risk-free investment
Bloomberg: S&P rates subprime mortgages higher than U.S.
Zero Hedge: Fed’s Lockhart hints at more QE
WSJ: Gold’s just going to run on ahead and price in QE3 for you
GoldSeek: Can we trust government statistics on the economy?