Popping Gold’s “Bubble”

Posted by on August 31st 2011 in China, Federal Reserve, General Economy, Gold, Media, Monetary Policy, Short Sellers, Silver, U.S. Congress, Wall Street | Be the first to comment!

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.”

Related Links:

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’sSilver 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?

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